Contributors. Roger E. Backhouse, Mauro Boianovsky, Michael Bordo, David Colander, William Darity Jr., Michel De Vroey, Robert W. Dimand, Kevin D. Hoover, David Laidler, Robert E. Lucas Jr., Edward Nelson, Goulven Rubin, Anna Schwartz, Scott Sumner, Warren Young Michel De Vroey is Professor of Economics at the Universite Catholique de Louvain in Belgium. Kevin D. Hoover is Professor of Economics at the University of California, Davis.
Its Rise, Fall, and Strange Persistence
Hardback
Publication Date: 13/01/2005
For some twenty-five years after the end of the Second World War, the is-lm model dominated macroeconomics. Inspired by the work of John Maynard Keynes, this model demonstrates the relationship among savings, income, investments, and interest rates, showing the point at which the interaction of these elements produces "equilibrium" in an economy. With the advent of the new classical macroeconomics in the early 1970s, the dominance of the is-lm model was effectively challenged. While no longer central to the graduate training of most macroeconomists or to cutting-edge macroeconomic research, the is-lm model continues to be a mainstay of undergraduate textbooks, to find wide use in applied macroeconomics, and to lie at the conceptual core of most government and commercial macroeconometric models. This volume, the annual supplement to History of Political Economy, explores the rise, the fall, and the persistence of the is-lm model. In addition to presenting papers from the History of Political Economy conference held at Duke University in April 2003, the volume includes the text of an address delivered at the conference by Nobel laureate Robert E. Lucas Jr., one of the central players in the intellectual movement that dethroned the is-lm model.
Contributors. Roger E. Backhouse, Mauro Boianovsky, Michael Bordo, David Colander, William Darity Jr., Michel De Vroey, Robert W. Dimand, Kevin D. Hoover, David Laidler, Robert E. Lucas Jr., Edward Nelson, Goulven Rubin, Anna Schwartz, Scott Sumner, Warren Young Michel De Vroey is Professor of Economics at the Universite Catholique de Louvain in Belgium. Kevin D. Hoover is Professor of Economics at the University of California, Davis.
Contributors. Roger E. Backhouse, Mauro Boianovsky, Michael Bordo, David Colander, William Darity Jr., Michel De Vroey, Robert W. Dimand, Kevin D. Hoover, David Laidler, Robert E. Lucas Jr., Edward Nelson, Goulven Rubin, Anna Schwartz, Scott Sumner, Warren Young Michel De Vroey is Professor of Economics at the Universite Catholique de Louvain in Belgium. Kevin D. Hoover is Professor of Economics at the University of California, Davis.
- ISBN:
- 9780822366317
- 9780822366317
- Category:
- Political science & theory
- Format:
- Hardback
- Publication Date:
- 13-01-2005
- Language:
- English
- Publisher:
- Duke University Press
- Country of origin:
- United States
- Pages:
- 348
- Dimensions (mm):
- 238x169x29mm
- Weight:
- 0.64kg
Click 'Notify Me' to get an email alert when this item becomes available
Great!
Click on Save to My Library / Lists
Click on Save to My Library / Lists
Select the List you'd like to categorise as, or add your own
Here you can mark if you have read this book, reading it or want to read
Awesome! You added your first item into your Library
Great! The fun begins.
Click on My Library / My Lists and I will take you there
Click on My Library / My Lists and I will take you there
Reviews
Be the first to review The IS-LM Model.
Share This Book: