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A Critique of Neoclassical Macroeconomics

  • Book
  • © 1989

Overview

Authors:
  1. John Weeks

    1. Middlebury College, Middlebury, USA

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Table of contents (16 chapters)

  1. Front Matter

    Pages i-xxi
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  2. The Neoclassical Macro Model

    1. Front Matter

      Pages 1-1
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    2. The Demand Side of the Neoclassical Model

      • John Weeks
      Pages 3-14

    3. The Neoclassical Model with a Supply Side

      • John Weeks
      Pages 15-35

    4. Comparative Statics and Equilibrium

      • John Weeks
      Pages 36-49

    5. Money in the Neoclassical Model

      • John Weeks
      Pages 50-65

    6. The Classical False Dichotomy Model

      • John Weeks
      Pages 66-79

    7. Logically Consistent Money-neutral Models

      • John Weeks
      Pages 80-99

    8. The ‘Complete’ Model with a Wealth Effect

      • John Weeks
      Pages 100-110

  3. A Critique of Self-adjusting Full Employment

    1. Front Matter

      Pages 111-111
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    2. Neutrality and Full Employment

      • John Weeks
      Pages 113-128

    3. Expectations and Full Employment

      • John Weeks
      Pages 129-142

    4. Full Employment and Multi-commodity Production

      • John Weeks
      Pages 143-161

    5. Full Employment and Disequilibrium

      • John Weeks
      Pages 162-171

  4. A Critique of Inflation Theory

    1. Front Matter

      Pages 173-173
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    2. Neoclassical Inflation: Aggregate Supply

      • John Weeks
      Pages 175-184

    3. Neoclassical Inflation: Aggregate Demand

      • John Weeks
      Pages 185-195

    4. Expectations, Inflation and Full Employment

      • John Weeks
      Pages 196-210

    5. The ‘Natural’ Rate, Neutrality and Monetary Inflation

      • John Weeks
      Pages 211-222

    6. The Critique of Neoclassical Macroeconomics Summarised

      • John Weeks
      Pages 223-236
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Keywords

About this book

The purpose of this book is to provide a critique of the standard neoclassical macroeconomic model. This model is the basis of certain "parables" which play a major role in policy-making and in the way that the layman conceives of economic policy and management.

Authors and Affiliations

  • Middlebury College, Middlebury, USA

    John Weeks

Bibliographic Information

  • Book Title: A Critique of Neoclassical Macroeconomics

  • Authors: John Weeks

  • DOI: https://doi.org/10.1007/978-1-349-20296-6

  • Publisher: Palgrave Macmillan London

  • eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)

  • Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 1989

  • Hardcover ISBN: 978-0-333-44903-5Published: 24 October 1989

  • Softcover ISBN: 978-0-333-49382-3Published: 24 October 1989

  • eBook ISBN: 978-1-349-20296-6Published: 24 October 1989

  • Edition Number: 1

  • Number of Pages: XXI, 290

  • Topics: Macroeconomics/Monetary Economics//Financial Economics

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