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A Critical Appraisal of the New Consensus Macroeconomics

In: Microeconomics, Macroeconomics and Economic Policy

Author

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  • Philip Arestis

Abstract

Malcolm Sawyer has been one of the earliest critics of what we now know as the New Consensus in Macroeconomics (NCM in short). It has been a great privilege to have had the opportunity to work with Malcolm Sawyer all these years, not merely on this aspect of macroeconomics, but also on many others. It is, therefore, a real pleasure to contribute to this particular volume and elaborate further on the vast amount of research that Malcolm Sawyer has successfully undertaken over the years (as, for example, in Sawyer, 2009; see, also, Arestis and Sawyer, 2003, 2004a, 2004b, 2006, 2008a, 2008b).

Suggested Citation

  • Philip Arestis, 2011. "A Critical Appraisal of the New Consensus Macroeconomics," Palgrave Macmillan Books, in: Philip Arestis (ed.), Microeconomics, Macroeconomics and Economic Policy, chapter 6, pages 99-115, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-31375-0_6
    DOI: 10.1057/9780230313750_6
    as

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