Cover: Structural Slumps: The Modern Equilibrium Theory of Unemployment, Interest, and Assets, from Harvard University PressCover: Structural Slumps in PAPERBACK

Structural Slumps

The Modern Equilibrium Theory of Unemployment, Interest, and Assets

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Print on Demand

$52.00 • £45.95 • €47.95

ISBN 9780674843745

Publication Date: 09/01/1998


440 pages

6-3/8 x 9-1/4 inches

41 line illustrations, 12 tables


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Related Subjects

  • Preface
  • Introduction
  • I. Concepts and Agenda
    • 1. Modern Equilibrium Theory
    • 2. Contrary Postulates of the Neoclassical Schools
    • 3. The Labor-Market Equilibrium Locus in Modern Models
    • 4. The Product-Market Equilibrium Locus and Partial-Equilibrium Unemployment Determination
    • 5. Capital-Market Equilibrium, Neoclassical and Modern, and General-Equilibrium Employment
    • 6. Key Factors in the Structuralist Theory of Unemployment Fluctuation
  • II. The Closed Economy: Working Models
    • 7. A Turnover-Training Model
    • 8. A Customer-Market Model
    • 9. A Two-Sector Fixed-Investment Model
    • 10. Synthesis of the Single-Economy Theory
  • III. Small and Large Open Economies: Working Models
    • 11. International Linkages through Investment in Employees
    • 12. International Linkages through Investment in Customers
    • 13. International Linkages through Investment in Fixed Capital
    • 14. Synthesis of the Global-Economy Theory
  • IV. Microtheoretic Formulations, Modern and Neoclassical
    • 15. Interest and Wealth in the Microeconomics of the Incentive Wage and Equilibrium Unemployment
    • 16. Structural Shifts and Economic Activity in Neoclassical Theory
  • V. Empirical Evidence
    • 17. Econometric Tests of the Theory: A Postwar Cross-Country Time-Series Study
    • 18. A Concise Nonmonetary History of Postwar Economic Activity
  • VI. Concluding Notes
    • 19. Notes on Classicism, Etc.
    • 20. Economic Policies to Which the Structuralist Theory Might Lead
  • Notes
  • Glossary of Frequently Used Symbols
  • Index

Awards & Accolades

  • Edmund S. Phelps Is Winner of the 2006 Nobel Prize in Economics

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