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

by Hiroshi Yoshikawa

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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...

Format:Paperback

Language:English

ISBN:9811952663

ISBN13:9789811952661

Release Date:October 2023

Publisher:Springer

Length:238 Pages

Weight:0.80 lbs.

Dimensions:0.5" x 6.1" x 9.2"

Related Subjects

Business Business & Investing Science Science & Math Science & Scientists Science & Technology

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

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