theory. This theory adopts three postulates: rational expectations, perfect price flexibility, and exclusion of the money in … author unifies Keynesian and monetarist theories within the same framework. The book applies the above basic theory to … international macroeconomics and economic growth theory. New Keynesian theory contains logical inconsistencies: menu costs that have …

demonstrates the considerable influence that his work on economic theory has had on his contemporaries, and the profession as a … / Mark Roberts -- Endogenous growth theory : a partial critique / Philip Arestis and Malcolm Sawyer -- The nature of economic … growth and the neoclassical approach. : more questions than answers? / John McCombie -- On the core of macroeconomic theory …