Show Less
You do not have access to this content

The Nature of Macroeconomics

Instability and Change in the Capitalist System

Athol Fitzgibbons

This book addresses the long absence of a satisfactory theory of macroeconomics. Keynesian theory is not consistent with rational self-interest, but neo-classical economics is unable to explain economic volatility and the trade cycle. Athol Fitzgibbons critiques the leading macroeconomic theories, which he believes are unduly mechanistic because they are incompatible with non-quantitative knowledge.

Table of contents