Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroeconomic paradigms associated with a new policy regime emerged. This book addresses how some macroeconomic ideas have failed, and examines which theories researchers should preserve and develop. It...

Recommended readings (Machine generated): George A. Akerlof (1970), 'The Market for 'Lemons': Quality Uncertainty and the Market Mechanism', Quarterly Journal of Economics, 84 (3), August, 488-500 -- Franklin Allen (1984), 'Reputation and Product Quality', RAND Journal of Economics, 15 (3),...

Recommended readings (Machine generated): 1. Kenneth E. Boulding (1966), 'The Economics of the Coming Spaceship Earth', in Henry Jarrett (ed.), Environmental Quality In a Growing Economy, Chapter One, Baltimore, MD, USA and London, UK: Johns Hopkins Press, 3-14 -- 2. Herman E. Daly (1974), 'The...