This book explains how standard micro-founded macroeconomics is misguided and proposes an alternative method based on statistical physics. The Great Recession following the bankruptcy of Lehman Brothers in September 2015 amply demonstrated that mainstream micro-founded macroeconomics was in trouble. The new approach advanced in this book reasonably explains important macro-problems such as employment, business cycles, growth, and inflation/deflation. The key concept is demand failures, which modern micro-founded ...
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This book explains how standard micro-founded macroeconomics is misguided and proposes an alternative method based on statistical physics. The Great Recession following the bankruptcy of Lehman Brothers in September 2015 amply demonstrated that mainstream micro-founded macroeconomics was in trouble. The new approach advanced in this book reasonably explains important macro-problems such as employment, business cycles, growth, and inflation/deflation. The key concept is demand failures, which modern micro-founded macroeconomics has ignored. "It (Chapter 3) captures analytically a good part of the intuition that underlies the Keynesian economics of people like Tobin and me." Robert Solow, Emeritus Institute Professor of Economics, Massachusetts Institute of Technology, Nobel Laureate in Economics, 1987 "Professor Hiroshi Yoshikawa provides a unique synthesis of statistical physics and macro-economic theory in order to confront the dismal failure in economics and in finance to understand how an economy or a financial market works, given the heterogeneous decision making of many different individual interacting actors. Economics has failed in this regard with the naive and often misleading concept of "representative agents." The author presents many insights on the historical development, concepts, and errors made by the most illustrious economists in the past. This book should be essential readings for any economics students as well as academic researchers and policy makers, who should learn to bring back good-sense thinking in their impactful decisions." Didier Sornette, Professor on the Chair of Entrepreneurial Risks at the Swiss Federal Institute of Technology Zurich (ETH Zurich)
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Add this copy of Reconstruction of Macroeconomics: Methods of to cart. $131.11, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2023 by Springer Verlag, Singapore.
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New. Print on demand Contains: Illustrations, black & white, Illustrations, color. Advances in Japanese Business and Economics . XV, 238 p. 52 illus., 24 illus. in color. Intended for professional and scholarly audience.
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New. Print on demand Contains: Illustrations, black & white, Illustrations, color. Advances in Japanese Business and Economics . XV, 238 p. 52 illus., 24 illus. in color. Intended for professional and scholarly audience.
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New. Contains: Illustrations, black & white, Illustrations, color. Advances in Japanese Business and Economics . XV, 238 p. 52 illus., 24 illus. in color. Intended for professional and scholarly audience.
Add this copy of Reconstruction of Macroeconomics: Methods of to cart. $149.66, new condition, Sold by Ria Christie Books rated 4.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 2022 by Springer Verlag, Singapore.
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New. Contains: Illustrations, black & white, Illustrations, color. Advances in Japanese Business and Economics . XV, 238 p. 52 illus., 24 illus. in color. Intended for professional and scholarly audience.
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New. Contains: Illustrations, black & white, Illustrations, color. Advances in Japanese Business and Economics . XV, 238 p. 52 illus., 24 illus. in color. Intended for professional and scholarly audience. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
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New. Contains: Illustrations, black & white, Illustrations, color. Advances in Japanese Business and Economics . XV, 238 p. 52 illus., 24 illus. in color. Intended for professional and scholarly audience. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
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