Publisher's Synopsis
This work surveys the current state of macroeconomics and alternative approaches to the subject. The book begins with an introduction, giving a general background for a better understanding of the recent debates under discussion. It focuses on schools of thought which have been prominent in macroeconomics over the last two decades. The second part looks at the rational expectations controversy. The book then examines an issue which has been at the core of macroeconomic debate since the early 1970s--economic fluctuations. This is followed by a discussion of wage determination and inflation. The work contains a sample of practical macroeconomic work, including methodological questions such work has raised. The final part examines issues in contemporary macroeconomics.
