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The Nature of Macroeconomics

Author

Listed:
  • Athol Fitzgibbons

Abstract

This book addresses the long absence of a satisfactory theory of macroeconomics. Keynesian theory is not consistent with rational self-interest, but neo-classical economics is unable to explain economic volatility and the trade cycle. Athol Fitzgibbons critiques the leading macroeconomic theories, which he believes are unduly mechanistic because they are incompatible with non-quantitative knowledge.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Athol Fitzgibbons, 2000. "The Nature of Macroeconomics," Books, Edward Elgar Publishing, number 1742.
    • Handle: RePEc:elg:eebook:1742
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    File URL: https://www.elgaronline.com/view/9781840640694.xml
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    Citations

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    Cited by:

    1. Arne Heise, 2002. "Optimal Public Debts, Sustainable Deficits, and Budgetary Consolidation," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 29(4), pages 319-337, December.

    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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