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Document Delivery Supplied
Can lend chapters, not whole ebooks
Title
Reconstruction of macroeconomics : methods of statistical physics, and Keynes' principle of effective demand / Hiroshi Yoshikawa.
Uniform Title
Makuro keizaigaku no saikochiku. English
ISBN
9789811952647 (electronic bk.)
9811952647 (electronic bk.)
9789811952630
9811952639
Published
Singapore : Springer, 2022.
Language
English
Description
1 online resource : illustrations (black and white, and color).
Other Standard Identifiers
10.1007/978-981-19-5264-7 doi
Call Number
HB172.5
Dewey Decimal Classification
339
Summary
This book explains how standard micro-founded macroeconomics is misguided and proposes an alternative method based on statistical physics. The Great Recession following the bankruptcy of Lehman Brothers in September 2015 amply demonstrated that mainstream micro-founded macroeconomics was in trouble. The new approach advanced in this book reasonably explains important macro-problems such as employment, business cycles, growth, and inflation/deflation. The key concept is demand failures, which modern micro-founded macroeconomics has ignored.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Description based on print version record.
Series
Advances in Japanese business and economics ; 3.
Introduction
Why Are Standard Micro-foundations Wrong?
Statistical Physics and Macroeconomics
Stochastic Macro-Equilibrium: A Micro-foundation of Keynesian Economics
The Business Cycle: The Role of Aggregate Demand
Demand Saturation and Economic Growth Where Keynes and Schumpeter Meet
Prices, Wages, and Monetary Policy
Financial Markets and the Real Economy
Summing Up.
