Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and...

1 Introduction: Painting by Numbers—Decoding the Discourse of Economics -- 2 American Dream: Manufacturing Monetary Miasma -- 3 Bread and Circuses, or Poppies to Make You Sleep -- 4 Children of the Revolution: Reaganomics as Free Market Redux -- 5 Spirits in the Material World: Alan Greenspan...

This book investigates the basic theoretical framework and conducts a logical analysis of China’s new supply-side economics, while also providing a strategic path to remedy the plight of China’s economic development. From the perspective of connotation, theory and methods, China’s...