{"product_id":"a-history-of-macroeconomics-fr-13873388","title":"A History of Macroeconomics from Keynes to Lucas and Beyond","description":"This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macroeconomics (Patinkin, Leijongufvud and Clower), non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macroeconomics (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macroeconomics. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.","brand":"Cambridge University Press","offers":[{"title":"Standard Order","offer_id":46296024973548,"sku":"8840013873388-P","price":303.43,"currency_code":"AED","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0655\/2797\/2076\/files\/9781107584945.jpg?v=1743196923","url":"https:\/\/astoura.com\/products\/a-history-of-macroeconomics-fr-13873388","provider":"Astoura","version":"1.0","type":"link"}