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Description of  Debates in Macroeconomics from the Great Depression to the Long Recession: Cycles, Crises and Policy Responses (Springer Studies in the History of Economic Thought)

This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward the end of the millennium. The book covers the early influential work of Knut Wicksell the economic debates of the 1930s, with core contributions from John Maynard Keynes and Friedrich von Hayek the rise of Keynesianism in the 1950s and its decline since the 1970s the rise of Monetarism in the 1960s and NCMs subsequent rise to prominence. Read more