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The theory of new classical macroeconomics [electronic resource] : a positive critique / Peter Galbács.

Galbács, Péter, author.
2015
HB179.H8
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Title
The theory of new classical macroeconomics [electronic resource] : a positive critique / Peter Galbács.
Author
Galbács, Péter, author.
Uniform Title
Aktív szabályozás vagy gazdaságpolitikai nihilizmus? English
ISBN
9783319175782 electronic book
3319175785 electronic book
9783319175775
DOI
https://doi.org/10.1007/978-3-319-17578-2
Published
Cham : Springer, [2015]
Language
English
Description
1 online resource : illustrations.
Item Number
10.1007/978-3-319-17578-2 doi
Call Number
HB179.H8
Dewey Decimal Classification
339
Summary
This book examines new classical macroeconomics from a comparative and critical point of view that confronts the original texts and later comments as a first dimension of comparison. The second dimension appears in a historical context, since none of the new classical doctrines can be analyzed ignoring the parallelism and discrepancies with the theory of Keynes, Friedman or Phelps. Radicalism of new classical macroeconomics has brought fundamental changes in economic thought, but the doctrines got vulgarized and distorted thanks to the mass of followers. Nowadays, economic theory and policy, trying to find their ways, have a less clear relationship than ever. Therefore, this volume is aimed at mapping and reconsidering the policy instruments and transmission mechanisms offered by the new classicals. Its central question points to the real nature of new classical macroeconomics: what consequences are grounded by the assumptions new classicals used. Moreover, issues raised by automatic fiscal stabilizers and fiscal reforms are analyzed as well, even if they were out of the range of classical texts. The book draws a picture of new classical macroeconomics stressing the analogies with Keynesian countercyclical policies, instead of the discrepancies commonly held.
Note
"Completely revised edition of the original Hungarian edition ... published by Akadémiai Koadó Zrt., 2012"--Title page verso.
Bibliography, etc. Note
Includes bibliographical references.
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Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (viewed April 30, 2015).
Series
Contributions to economics.
Available in Other Form
Print version: 9783319175775
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Online Access
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Online Resources > Ebooks
All Resources
Methodological Principles and an Epistemological Introduction
The Rational Expectations Hypothesis as a Key Element of New Classical Macroeconomics
The World View of New Classical Macroeconomics
Monetary Policy in the New Classical Framework
Fiscal Policy and New Classical Macroeconomics
Economic Policy Consequences.

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