Macroeconomic Models and Controversies [Paperback]

The book provides an introduction to major topics in macroeconomic theory and offers the readers three tools for comparing different models:a mathematical reformulation of Say's Law, the use of income velocity of circulation of money as a behavioural function in accordance with the Friedman tradition and the use of the Phillips curve to represent the labour market.Preface - Introduction - Keynes and the Classics - Keynesian Macroeconomic Theory - Neoclassical Macroeconomics Reproposed - Macroeconomic Theory of Aggregate Supply. From the Keynesian-Monetarist Debate to the New Classical Macroeconomics - Macroeconomics of Rationing Equilibria - Bibliography - Index