A Theory of Pseudo-Wealth

  • Martin Guzman
  • Joseph E. Stiglitz
Part of the International Economic Association Series book series (IEA)


Recent events in the US and Europe have witnessed the limitations of conventional macroeconomic models to predict and explain large economic recessions and crises, and to provide guidance for policies that attempt to resolve them.


Labor Supply Labor Income Aggregate Demand Tradable Good Aggregate Consumption 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Martin Guzman and Joseph E. Stiglitz 2016

Authors and Affiliations

  • Martin Guzman
    • 1
  • Joseph E. Stiglitz
    • 1
  1. 1.Columbia UniversityUSA

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