Is there a New Consensus in Macroeconomics?

Discover the transformative ideas in "Is there a New Consensus in Macroeconomics?" by Philip Arestis, published by Palgrave Macmillan in 2007. This insightful hardback edition spans 231 pages and delves into the evolution of macroeconomic thought. Arestis critically examines the emergence of a 'new consensus in macroeconomics' (NCM) that arose after the decline of the 'old consensus' and the influential 'golden age' of the late 1960s and early 1970s. The book also explores the subsequent debates among various schools of thought that shaped contemporary economic discussions. Ideal for students, scholars, and anyone interested in the dynamics of macroeconomic theory, this work provides a comprehensive analysis of modern monetary economics and policy. Enhance your understanding of macroeconomic principles with this essential read from a respected author in the field.