New macroeconomics /
Mulay, Apek
New macroeconomics / Apek Mulay - xvi, 123 pages : illustrations ; 23 cm.
Includes index.
According to the National Bureau of Economic Research (NBER), a deep recession started in the United States in December 2007 and ended in June 2009. However, most people recognize that even though the recession was said to be over, its after-effects lingered well into the next decade, and even in 2007, some ten years later, governments in America and around the world were struggling with problems of low growth, wage stagnation and high poverty. Most economists were caught off guard, and they began to look for new ideas that may be appropriately called NEW MACROECONOMICS. This book examines conventional economics in the context of recent developments. It shows that a new theory, known as the wage-productivity model, explains almost every macroeconomic experience of the global economy since 1980. You have to read this theory to believe it. This theory will be as important as the Keynesian Revolution. -- From the publisher
Mulay, A. (2018). New macroeconomics. Business Expert Press.
9781947441125
Macroeconomics
Wages and labor productivity
339 / M95 2018
New macroeconomics / Apek Mulay - xvi, 123 pages : illustrations ; 23 cm.
Includes index.
According to the National Bureau of Economic Research (NBER), a deep recession started in the United States in December 2007 and ended in June 2009. However, most people recognize that even though the recession was said to be over, its after-effects lingered well into the next decade, and even in 2007, some ten years later, governments in America and around the world were struggling with problems of low growth, wage stagnation and high poverty. Most economists were caught off guard, and they began to look for new ideas that may be appropriately called NEW MACROECONOMICS. This book examines conventional economics in the context of recent developments. It shows that a new theory, known as the wage-productivity model, explains almost every macroeconomic experience of the global economy since 1980. You have to read this theory to believe it. This theory will be as important as the Keynesian Revolution. -- From the publisher
Mulay, A. (2018). New macroeconomics. Business Expert Press.
9781947441125
Macroeconomics
Wages and labor productivity
339 / M95 2018