||0 of 0 people found the following review helpful.| A new (and needed) economic paradigm!|By Giovanni Nicolò|At a time in which the foundations of the prevailing economic theories are criticized by exponents both within and outside the academic field of economics, Farmer presents in his book a new economic paradigm that squares with the empirical regularities observed in macroeconomics, and especially since the Great Rec|||"The book is well written and will be of interest to economists who are looking for new |ways to think about macroeconomics." - Journal of Economic Literature||"Though Farmer's argument is never cuddly, it accounts for the human emotion that mathema
In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. According to Roger E. A. Farmer, these theories can be divided into two leading schools of thought: the ideas of pre-Keynesian scholars who blame the recession on bad economic policy, and the suggestions of "New Keynesian" scholars who propose standard modifications to select assumptions of Keynes' Genera...
[PDF.kr01] Prosperity for All: How to Prevent Financial Crises Rating: 3.77 (499 Votes)
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