... on public opinion, serving in government where he was involved at the highest levels, and working in the private sector in which he had close friends. He adopted the macroeconomics of his close friend John Maynard Keynes, and he became best known for his warning against the dangers in the spread of monopoly...

... of technical- industrialists (Flanders 1932a, 96–97). Macroeconomic planning meant countercyclical expenditure by government to bring the econ- omy into equilibrium—to fill the gap between consumer spending and the “level of income which could be reached were all factors employed” (Barber 1996, 124...

... of “applied models,” which moved from the context of macroeconomic planning and detailed data- work into easily applicable software packages used by international orga- nizations, government agencies and the private sector. Design and Architecture of an “Applied Model” Johansen’s (1960) dissertation...

... University Press 2020 institutional economics indicators national income accounting Keynesianism macroeconomic governance References Alchon Guy . 1985 . The Invisible Hand of Planning: Capitalism, Social Science, and the State in the 1920s . Princeton : Princeton University Press...

... , J. 1983 . A Rational Expectations Keynes Type Model. Quarterly Journal of Economics 98 : 525 -29. Christ , C. 1968 . A Simple Macroeconomic Model with a Government Budget Constraint. Journal of Political Economy 76 : 53 -67. Clower , R. W. 1965 . The Keynesian...

.... 3.1. Judgment in the Use of Outdated Macroeconomic Models at the IMF Drawing on various sources, one can come to understand IMF econo- mists method of financial programming, one of the central tools guiding their quantitative work when interacting with the national governments.2 Financial programming...

... macroeconomic research, the IS-LM model continues to be a mainstay of undergraduate textbooks, finds wide application in ar- eas of applied macroeconomics away from the front lines of macroeco- nomic theory, and lies at the conceptual core of most government and commercial macroeconometric models. What...

... Garcia Duarte and Kevin D. Hoover His shock-oriented approach to general equilibrium models of business cycles was increasingly applied to different areas of macroeconomics. Rational expectations, the focus on market-clearing, general equilib- rium models, and the characterization of government...

...E. Roy Weintraub Microfoundations Reconsidered: The Relationship of Micro and Macroeconomics in Historical Perspective . Edited by Duarte Pedro Garcia and Lima Gilberto Tadeu . Cheltenham : Edward Elgar , 2012 . 246 pp. Hardback $125.00 . The Microfoundations Delusion...

... in orthodox economics in the policy-making processes of governments. Anderson and Hazleton explain how one president, President Johnson, managed macroeconomic policy during his administration. They make valuable contribu- tions in their respective ways. In the first volume, Henderson explains...

... and 5ofthePrinciples, how governments could harmoniously develop the economy at the stage of inland trade through public-finance policies. He examined in detail the shifting and incidence of taxes as well as the macroeconomic effects of public expenditure. 15. Regarding landlords as idle consumers, Steuart’s...

... on the part of workers about employment opportunities; and (3) government- sponsored “last resort” employment programs (836). The other staples of the analysis of aggregate demand in intermediate macroeconomics textbook, Okun’s law and the static aggregate-supply curve, do not appear in Economics...

...Michel De Vroey Duke University Press 2004 Backhouse, R., and A. Salanti, eds. 2000 . Macroeconomics and the Real World . Vol. 2 of Keynesian Economics, Unemployment, and Policy. Oxford: Oxford University Press. Baranzini, R., and P. Bridel. 2003 . Echange et utilité: Walras...

.... Rankin, N. 1987 . Disequilibrium and the Welfare-Maximising Levels of Government Spending, Taxation, and Debt. Economic Journal 97 : 65 -85. Rogers, C., and T. K. Rymes. 2000 . On Money in IS/LM and AD/AS Models. In IS-LM and Modern Macroeconomics ,edited by W. Young and B. Z. Zilberfarb. Boston...

... and plausible international macroeconomic model that was at least consistent with a full-employment economy or at least one in which full employment policy was being pursued by the government. There did not as yet exist such a model in the literature. The macro- economic model I used employed...

... tie up loose ends. Part 5 discusses macroeconomic pol- icy debates. Chapter 14 raises issues being discussed in the current theo- retical literature: credibility, time inconsistency, inflation targeting, and rules and discretion. Chapter 15 discusses government debt. Part 6 cov- ers microeconomic...

... on the “Yale Tradition” in Macroeconomics. Macroeconomic Dynamics 3.1 : 116 -43. Colander, David C., and Harry Landreth. 1996 . The Coming of Keynesianism to America: Conversations with the Founders of Keynesian Economics . Cheltenham, U.K.: Edward Elgar. Darity, William, Jr., and Warren Young. 1995...

... of Money and Other Essays . Chicago: Aldine. Hahn, Frank H., and Robin C. O. Matthews. 1964 . The Theory of Economic Growth: A Survey. Economic Journal 74 : 774 –902. Haliassos, Michael, and James Tobin. 1990 . The Macroeconomics of Government Finance. In vol. 2 of Handbook of Monetary...

.... Washington, D.C. : Government Printing Office . Shapiro E. 1966 . Macroeconomic Analysis . New York : Harcourt Brace and World . ———. 1970 . Macroeconomic Analysis . 2nd ed. New York : Harcourt Brace and World . ———. 1974 . Macroeconomic Analysis . 3rd ed. New York : Harcourt...

... Laidler, Sandeep Mazumder, and two referees. Copyright 2014 by Duke University Press 2014 References Aftalion A. 1913 . Les crises périodiques de surproduction . Paris : M. Rivière . Akerlof G. A. 2007 . “ The Missing Motivation in Macroeconomics .” American Economic...