文档介绍：Modern Macroeconomics
In loving memory of Brian’s parents, Joseph and Margaret Snowdon, and
Howard’s father, Philip M. Vane
Modern
Macroeconomics
Its Origins, Development and Current State
Brian Snowdon
Principal Lecturer in Economics in the Newcastle Business
School, Northumbria University, Newcastle upon Tyne, UK
Howard R. Vane
Professor of Economics in the School of Accounting, Finance
and Economics, Liverpool John Moores University, Liverpool,
UK
Edward Elgar
Cheltenham, UK • Northampton, MA, USA
© Brian Snowdon, Howard R. Vane 2005
All rights reserved. No part of this publication may be reproduced, stored in
a retrieval system or transmitted in any form or by any means, electronic,
mechanical or photocopying, recording, or otherwise without the prior
permission of the publisher.
Published by
Edward Elgar Publishing Limited
Glensanda House
Montpellier Parade
Cheltenham
Glos GL50 1UA
UK
Edward Elgar Publishing, Inc.
136 West Street
Suite 202
Northampton
Massachusetts 01060
USA
A catalogue record for this book
is available from the British Library
ISBN 1 84376 394 X (cased)
1 84542 208 2 (paperback)
Typeset by Manton Typesetters, Louth, Lincolnshire, UK.
Printed and bound in Great Britain by MPG Books Ltd, Bodmin, Cornwall.
Contents
List of figures x
List of tables xiii
Preface xiv
Acknowledgements xvii
1 Understanding modern macroeconomics 1
Macroeconomic issues and ideas 1
The role of economic theory and controversy 3
Objectives, instruments and the role of government 7
The Great Depression 9
Keynes and the birth of macroeconomics 13
The rise and fall of the Keynesian consensus 15
Theoretical schizophrenia and the neoclassical synthesis 21
Schools of thought in macroeconomics after Keynes 24
The new political macroeconomics 29
The renaissance of economic growth research 32
2Keynes v. the ‘old’ classical model 36
Introduction 36
Classical macroe