A Pluralistic Introduction to Macroeconomics

Methodology, Theory, and Policy

Hendrik Van den Berg (Autor)

Buch | Hardcover

516 Seiten

2024
Edward Elgar Publishing Ltd (Verlag)
978-1-0353-2233-6 (ISBN)

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This introductory textbook provides a broad introduction to the field of macroeconomics and the alternative approaches to modeling an economic system. Adopting a pluralistic approach, it rigorously analyzes the theories and policies proposed by the classical and neoclassical, Marxian, institutionalist, Keynesian and post-Keynesian schools of thought. It critically examines fiscal, monetary, and regulatory policies prescribed by the different schools, exploring the intricate links between the economy, society and nature. It ultimately demonstrates that economic modeling is always a matter of choice and compromise, and no one school of thought can accurately capture the full essence of a real evolving economic system under all circumstances, in all places, and at all times in history.

Key Features:

Presents a realistic picture of human economic behavior based on empirical evidence from multiple scientific disciplines

Discusses alternative approaches to modeling an economic system, and explains the advantages and weaknesses of each

Draws on diverse schools of economic thought and other scientific disciplines to explain why an economic system is never a stationary structure but always in a process of dynamic change

Focuses on how macroeconomic policy can be improved in a time of growing inequality, insecurity, and ecological stresses and contradictions

Interdisciplinary in scope, this textbook will prove essential to scholars, researchers and students of economics and finance, especially those interested in political economy, evolutionary economics, environmental economics, development economics, and radical and feminist economics. Economists and social scientists seeking alternative approaches to macroeconomics will equally benefit from this fundamental resource.

Hendrik Van den Berg, Professor Emeritus, Department of Economics, University of Nebraska–Lincoln and Lecturer, Department of Economics, University of Massachusetts Amherst, US

Contents:
PART I A FIRST GLANCE AT OUR ECONOMIC SYSTEM
1 Alternative Perspectives on the Economic System
2 Measuring Production and Human Well-Being
3 People and Households
4 Production and the Business Firm
5 The Roles of Government in the Economy
6 Money and the Financial Sector of the Economy
PART II MACROECONOMIC MODELS
7 Macroeconomic Modeling
8 The Classical Macroeconomic Model
9 The Marxian Macroeconomic Model
10 The Keynesian Model
PART III MACROECONOMIC POLICY
11 Keynesian Macroeconomic Policy
12 Inequality and Instability: A Post Keynesian Response
13 Macroeconomic Policy and our Ecosystem
PART IV EXTENSIONS OF MACROECONOMICS
14 The Open Macroeconomy
15 Economic Growth and Economic Change
Index

Erscheinungsdatum	14.03.2024
Verlagsort	Cheltenham
Sprache	englisch
Maße	169 x 244 mm
Themenwelt	Wirtschaft ► Allgemeines / Lexika
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	1-0353-2233-1 / 1035322331
ISBN-13	978-1-0353-2233-6 / 9781035322336
Zustand	Neuware