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Strukturelle Einbrüche: Die moderne Gleichgewichtstheorie der Arbeitslosigkeit, Zinsen und -

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Structural Slumps: The Modern Equilibrium Theory of Unemployment, Interest, and
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“Item has staining. Dust jacket is worn. Hardcover.”
ISBN
9780674843738

Über dieses Produkt

Product Identifiers

Publisher
Harvard University Press
ISBN-10
0674843738
ISBN-13
9780674843738
eBay Product ID (ePID)
1101967

Product Key Features

Book Title
Structural Slumps : the Modern Equilibrium Theory of Unemployment, Interest, and ASSETS
Number of Pages
440 Pages
Language
English
Publication Year
1994
Topic
Interest, Economic Conditions, Economics / General, Labor, Money & Monetary Policy
Illustrator
Yes
Genre
Business & Economics
Author
Edmund S. Phelps
Format
Hardcover

Dimensions

Item Height
1.1 in
Item Weight
26.9 Oz
Item Length
9.2 in
Item Width
6.4 in

Additional Product Features

Intended Audience
Trade
LCCN
93-015775
Dewey Edition
21
Reviews
Edmund Phelps's [book]...is likely to shake the establishment. For while much of what the Columbia University economist (now working at the Russell Sage Foundation) has to say about the 'natural' rate of unemployment has been alluded to before, his ambitious explanation of long-term joblessness may serve as a license for intervention in an area where fatalism has long been fashionable., As a result [of this book], academic thinking on unemployment (which will be followed in due course by popular thinking on unemployment) may be about to undergo its third decisive shift this century... Structural Slumps is addressed to professional economists. They will regard it as one of the most important books of this decade. But brave non-specialists, provided they have a grounding in the subject and are not deterred by the necessary mathematics, can learn a great deal. With luck they will include some of Keynes's practical men 'who are usually the slaves of some defunct economist'. Few economists write as lucidly as Mr Phelps; among those toiling at the theoretical frontier of the subject, he is peerless in this respect. And he is unusual in another way...he writes with a sense of purpose. Mr Phelps's theory, he lets you know, matters not for its elegance or technical ingenuity--though it has both--but for the new light it sheds on a problem that urgently demands a solution., Edmund Phelps's book is a substantial contribution to the analysis of swings in unemployment from one cycle to the next...[It offers] a wealth of insights into the nature of unemployment., [This] project is one of startling ambition, and the book deserves to be widely read and discussed...[Phelps] amply demonstrates how much turns upon a correct understanding of the macroeconomic consequences of market structure. One can only hope that this first bold effort will stimulate others to follow the trail blazed here., As a result [of this book], academic thinking on unemployment (which will be followed in due course by popular thinking on unemployment) may be about to undergo its third decisive shift this century...Structural Slumps is addressed to professional economists. They will regard it as one of the most important books of this decade. But brave non-specialists, provided they have a grounding in the subject and are not deterred by the necessary mathematics, can learn a great deal. With luck they will include some of Keynes's practical men 'who are usually the slaves of some defunct economist'. Few economists write as lucidly as Mr Phelps; among those toiling at the theoretical frontier of the subject, he is peerless in this respect. And he is unusual in another way...he writes with a sense of purpose. Mr Phelps's theory, he lets you know, matters not for its elegance or technical ingenuity--though it has both--but for the new light it sheds on a problem that urgently demands a solution.
Dewey Decimal
338.5/42
Table Of Content
Preface Introduction Concepts and Agenda Modern Equilibrium Theory Contrary Postulates of the Neoclassical Schools The Labor-Market Equilibrium Locus in Modern Models The Product-Market Equilibrium Locus and Partial-Equilibrium Unemployment Determination Capital-Market Equilibrium, Neoclassical and Modern, and General-Equilibrium Employment Key Factors in the Structuralist Theory of Unemployment Fluctuation The Closed Economy: Working Models A Turnover-Training Model A Customer-Market Model A Two-Sector Fixed-Investment Model Synthesis of the Single-Economy Theory Small and Large Open Economies: Working Models International Linkages through Investment in Employees International Linkages through Investment in Customers International Linkages through Investment in Fixed Capital Synthesis of the Global-Economy Theory Microtheoretic Formulations, Modern and Neoclassical Interest and Wealth in the Microeconomics of the Incentive Wage and Equilibrium Unemployment Structural Shifts and Economic Activity in Neoclassical Theory Empirical Evidence Econometric Tests of the Theory: A Postwar Cross-Country Time-Series Study A Concise Nonmonetary History of Postwar Economic Activity Concluding Notes Notes on Classicism, Etc. Economic Policies to Which the Structuralist Theory Might Lead Notes Glossary of Frequently Used Symbols Index
Synopsis
Long periods of high unemployment have dogged the United States and Western Europe since the early 1970s and most of the well-developed members of the global economy are in another such period now. Dissatisfied with the explanations put forth by the Keynesian, monetarist, New Keynesian and neoclassical schools, Edmund Phelps has constructed a new series of models that account for the phenomenon of long-term slumps in terms of structural forces.
LC Classification Number
HB3711.P48 1994

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