Sprache: Englisch
Verlag: Springer-Verlag (Lecture Notes in Economics and Mathematical Systems) 1989, 1989
ISBN 10: 3540509089 ISBN 13: 9783540509080
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In den WarenkorbSoft cover. Zustand: Very Good. 206 pages, 42 tables and 10 figures camera-ready typescript, a VG pbk [3540509089].
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In den WarenkorbPaperback. Zustand: Brand New. 1st edition. 219 pages. German language. 9.61x6.69x0.52 inches. In Stock.
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Taschenbuch. Zustand: Neu. Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960-1985 | Christine Sauer | Taschenbuch | Lecture Notes in Economics and Mathematical Systems | xiii | Englisch | 1989 | Springer | EAN 9783540509080 | Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg, juergen[dot]hartmann[at]springer[dot]com | Anbieter: preigu.
Sprache: Englisch
Verlag: Springer Berlin Heidelberg, 1989
ISBN 10: 3540509089 ISBN 13: 9783540509080
Anbieter: AHA-BUCH GmbH, Einbeck, Deutschland
Taschenbuch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - by Jerome L. Stein Disenchantment with Keynesian econollics developed during the post-1968 period when the rate of growth of output declined, the rate of unemployment rose, and the rate of inflation increased in the U.S. and in other countries. This paradox, called stagflation, was inconsistent with the tenet of Keynesian economics that cyclical movemants in prices and output relative to their respective trends are positively correlated. A search occurred for a more satisfactory theory of macroeconomics which could explain the paradox of stagflation and the observed economic phenomena. The New Classical Economics (NCE) developed as the total rejection of Keynesian economics. The Keynesians claimed that their demand management policies contributed to the obsolescence of the business cycle and successfully eliminated the gap between full employment (potential) output and actusl output. The NCE argued just the opposite: the unemplo~nt rate or growth rate of real output is insensitive to systematic demand management policies [Lucas; Sargent and Wallace].