{"product_id":"9781316417980","title":"A History of Macroeconomics from Keynes to Lucas and Beyond","description":"This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macroeconomics (Patinkin, Leijongufvud and Clower), non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macroeconomics (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macroeconomics. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":47147120623856,"sku":"9781316417980","price":30.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781316417980_p0.jpg?v=1763706962","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781316417980","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}