What's Right with Macroeconomics?

The financial crisis that began in 2007 has severely shaken economics and has brought into question its analyses and recommendations. Not all macroeconomists are up to the challenge. This thought-provoking book addresses how economic ideas have failed from a macro perspective, and questions which ma [...]
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The financial crisis that began in 2007 has severely shaken economics and has brought into question its analyses and recommendations. Not all macroeconomists are up to the challenge. This thought-provoking book addresses how economic ideas have failed from a macro perspective, and questions which macroeconomic theories should researchers should preserve and develop. The nine highly-renowned macroeconomists contributing to this book highlight the virtues of eclectic macro over an authoritarian normative approach. Their wide-ranging chapters remind us that there are many positive approaches to macroeconomics.