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...

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...

Frontmatter -- Contents -- Preface -- Macroeconomics -- Macroeconomic Thought during the Long Nineteenth Century -- Gold Standard, Reparations,Mania, Crash, and Depression -- Maynard Ascendant -- Keynesian Growth, Cycles, and Crisis -- The Counterrevolution -- Finance -- The International...

Macroeconomics -- Macroeconomic thought during the long nineteenth century -- Gold standard, reparations, mania, crash, and depression -- Maynard ascendant -- Keynesian growth, cycles, and crisis -- The counter-revolution -- Finance -- The international dimension -- Keynesianism and the crisis