Reconstruction of Macroeconomics: Methods of Statistical Physics, and Keynes' Principle of Effective Demand

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Author(s)/Editor(s) Written by YOSHIKAWA Hiroshi
Publisher Springer
ISBN Hardcover: 978-981-19-5263-0
eBook: 978-981-19-5264-7
Publication Date October 2022
Links Springer

Table of Contents

1. Why Are the Standard Microfoundations Wrong?
2. Statistical Physics and Macroeconomics
3. Stochastic Macroequilibrium: A Microfoundation for Keynesian Economics
4. Business Cycle: The Role of Aggregate Demand
5. Demand Saturation and Economic Growth—Where Keynes and Schumpeter Meet
6. Prices, Wages, and Monetary Policy
7. Financial Markets and the Real Economy
8. Summing Up

* Full Text in English.