Reconstruction of Macroeconomics: Methods of Statistical Physics, and Keynes' Principle of Effective Demand

Reconstruction of Macroeconomics: Methods of Statistical Physics, and Keynes' Principle of Effective Demand

Yoshikawa, Hiroshi

Springer Verlag, Singapore

10/2022

238

Dura

Inglês

9789811952630

15 a 20 dias

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Introduction.- Why Are Standard Micro-foundations Wrong?.- Statistical Physics and Macroeconomics.- Stochastic Macro-Equilibrium: A Micro-foundation of Keynesian Economics.- The Business Cycle: The Role of Aggregate Demand.- Demand Saturation and Economic Growth -- Where Keynes and Schumpeter Meet.- Prices, Wages, and Monetary Policy.- Financial Markets and the Real Economy.- Summing Up.
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Micro-founded Macroeconomics;Stochastic Macro-equilibrium;Keynesian Economics;Demand Failures;Statistical Physics;Equilibrium Distribution of Labor Productivity;Demand Saturation;Unemployment;Business Cycles;Economic Growth;Inflation;Deflation