Modern Macroeconomics by Brian Snowdon
Its Origins, Development and Current State
A comprehensive, historically grounded survey of twentieth-century macroeconomic thought that traces the development, methods and core models of competing schools — from classical and Keynesian frameworks through monetarism, new classical and new Keynesian approaches — while explaining how concepts like aggregate demand, monetary policy, rational expectations and microfoundations shaped modern modeling. It evaluates the empirical performance and policy implications of different macroeconomic theories, discusses growth models, business-cycle explanations and the role of expectations and imperfections, and highlights methodological debates and unresolved issues to give readers a clear map of the field’s achievements and limitations.
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- English
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