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- Sales Rank: #1886826 in eBooks
- Published on: 2003-01-03
- Released on: 2002-12-01
- Format: Kindle eBook
Review
"Reading this book is a liberating experience. By some sleight of hand, the idea of a micro-based macroeconomics has been identified with price-mediated market clearing under perfect competition. Bénassy demonstrates by example that macroeconomics can be based on imperfect competition, non-clearing markets, and quantity signals. As a consequence, activist monetary and fiscal policies are shown to be both effective and useful." Robert M. Solow, Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology, and Nobel Laureate in Economics (1987)
About the Author
Jean-Pascal Bénassy is Director of Research at CNRS (National Center for Scientific Research), Paris, and a Research Fellow at CEPREMAP (Center for Economic Research and Applications). He is the author of The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach (MIT Press, 2002).
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