ABSTRACT
Contrary to common belief, macroeconomics is not merely a theory of aggregates, and cannot be constructed from individual behaviour. Both nationally and internationally, there are economic laws that are logically independent of economic agents’ behaviour. These are the macroeconomic foundations of macroeconomics.
Presenting cutting-edge material, Alvaro Cencini explores these foundations, and shows that the introduction of money entails economics being interpreted conceptually not mathematically. His innovative book provides the elements for a new approach by applying the most recent results of monetary analysis to the study of national and international economics. It covers recent progress in monetary theory, provides the reader with a greater understanding of the subject, and will be essential reading for economic students as well as a valuable resource for economists.
TABLE OF CONTENTS
chapter |23 pages
Introduction
part |66 pages
Macroeconomics versus Microeconomics
chapter |15 pages
Neoclassical, New Classical, and New Business Cycle Economics
chapter |16 pages
Keynesian, New Keynesian, and Post-Keynesian Economics
chapter |14 pages
Identity versus Equilibrium
chapter |19 pages
Keynes Revisited
part |86 pages
The Macroeconomic Analysis of National Economics
chapter |21 pages
Money and Income as Macroeconomic Magnitudes
chapter |18 pages
Production and Consumption as Macroeconomic Events
chapter |20 pages
Capital and Interest: Their Macroeconomic Origin
chapter |25 pages
Inflation and Unemployment as Macroeconomic Disorders
part |97 pages
The Macroeconomic Analysis of International Economics
chapter |22 pages
A Macroeconomic Cause for Exchange Rate Fluctuations
chapter |23 pages
The Macroeconomic Analysis of World Monetary Discrepancies
part |59 pages
Conclusions and Prospects