Aggregate Demand and Supply

A Critique of Orthodox Macroeconomic Modelling

  • B. Bhaskara Rao

Table of contents

  1. Front Matter
    Pages i-xvi
  2. B. Bhaskara Rao
    Pages 1-10
  3. Ken McCormick, Janet M. Rives
    Pages 11-23
  4. Peter H. Hall, Malcolm L. Treadgold
    Pages 25-43
  5. Roy H. Grieve
    Pages 83-94
  6. David Colander, Peter Sephton
    Pages 137-154
  7. Corrado Benassi, Alessandra Chirco, Caterina Colombo
    Pages 177-208
  8. Back Matter
    Pages 209-228

About this book

Introduction

'I wish Professor Rao and his collaborators every success in ensuring that future generations of students do not have to put up with logically incoherent foundations to their understanding of modern economic systems' - G.C. Harcourt, Jesus College, Cambridge There is now an increasing realisation that the popular textbook macroeconomic model of aggregate demand and supply is logically incorrect. While there is a broad agreement among the critiques on these logical flaws there has been no such agreement on how the basic textbook macromodel should be modified. The essays in this volume contain very promising alternative models which will significantly influence the way macroeconomics will be taught in the future.

Keywords

economic system economics macroeconomics modeling

Editors and affiliations

  • B. Bhaskara Rao
    • 1
  1. 1.School of EconomicsUniversity of New South WalesAustralia

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-349-26293-9
  • Copyright Information Palgrave Macmillan, a division of Macmillan Publishers Limited 1998
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Palgrave Economics & Finance Collection
  • Print ISBN 978-1-349-26295-3
  • Online ISBN 978-1-349-26293-9
  • About this book