This book brings together a number of contributions in growth theory and macroeconomic dynamics that reflect recent developments and the ongoing debate over the relative merits of neo-classical and endogenous growth models. It focuses on three important aspects that have been receiving...

Intro -- Editorial -- Abstracts -- 1 Work and Leisure in the United States and Europe: Why So Different? -- 2 Job Loss, Job Finding, and Unemployment in the U.S. Economy over the Past Fifty Years -- 3 The Rise in Firm-Level Volatility: Causes and Consequences -- 4 Monetary Policy Under...

Cover -- Contents -- List of Boxes -- List of Diagrams -- List of Abbreviations -- Preface, Preliminaries and Acknowledgements -- 1. Macroeconomy versus Macroeconomics? -- 2. Accelerator-Multiplier: Stabbing the Knife-Edge in the Back? -- 3. Classical Dichotomies -- 4. Growth Theories: Old, New...

Intro -- Contents -- Preface -- 1. Macroeconomics -- 2. Macroeconomic Thought during the Long Nineteenth Century -- 3. Gold Standard, Reparations, Mania, Crash, and Depression -- 4. Maynard Ascendant -- 5. Keynesian Growth, Cycles, and Crisis -- 6. The Counterrevolution -- 7. Finance -- 8. The...

Contrary to common belief, macroeconomics is not merely a theory of aggregates, and cannot be constructed from individual behaviour. Both nationally and internationally, there are economic laws that are logically independent of economic agents' behaviour. These are the macroeconomic foundations...

Intro -- Contents -- List of Tables -- List of Figures -- Preface -- Abbreviations -- 1. Introduction -- 2. The MC Model -- 3. Interest Rate Effects -- 4. Testing the NAIRU Model -- 5. U.S. Wealth Effects -- 6. Testing for a New Economy in the 1990s -- 7. A "Modern" View of Macroeconomics -- 8....

Intro -- Contents -- Acknowledgments -- Introduction -- 1. Social Accounts and Social Relations -- 2. Prices and Distribution -- 3. Money, Interest, and Inflation -- 4. Effective Demand and Its Real and Financial Implications -- 5. Short-Term Model Closure and Long-Term Growth -- 6. Chicago...

Cover -- Half-title -- Title -- Copyright -- Contents -- Tables and boxes -- Tables -- Boxes -- Preface -- Web site -- Material for the student -- Material for the tutor -- Chapter 1 Introduction -- 1.1 Definitions and concepts -- 1.2 Dynamic models -- 1.3 Deterministic dynamical models -- 1.4...