The nature of macroeconomics

The nature of macroeconomics

by Athol Fitzgibbons

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"This book addresses the long absence of a satisfactory theory of macroeconomics. Keynesian theory is not consistent with rational self-interest, but neoclassical economics is unable to explain economic volatility and the trade cycle." "Fitzgibbon's theme is the possibility of a new synthesis of Keynes and the neoclassical system. This stresses financial rationality, but it also recognizes that there is an element of indeterminacy in both government policies and the movements of the market."--Jacket.

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