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Structural Slumps: The Modern Equilibrium Theory of Unemployment, Interest, and Assets

by Edmund S. Phelps
Structural Slumps: The Modern Equilibrium Theory of Unemployment, Interest, and Assets
Structural Slumps: The Modern Equilibrium Theory of Unemployment, Interest, and Assets

Innovative theory explaining persistent unemployment trends.

If you've been grappling with the complexities of economic fluctuations, particularly why certain economies seem stuck in periods of high unemployment, Edmund Phelps' "Structural Slumps" could offer you a fresh perspective. This isn't just another echo of familiar economic theories; it's a challenging and rigorous exploration that builds a new framework around the idea of natural rate shifts within labor and capital markets. As you delve into the technical models and empirical data that Phelps presents, you might find yourself gaining a deeper appreciation for the structural forces that shape our economic reality. This book could change the way you think about economic policies and their long-term implications.

  • PROSE Award for Economics (1994)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Structural Slumps: The Modern Equilibrium Theory of Unemployment, Interest, and Assets

by Edmund S. Phelps
Condition guide

Book Condition Guide

Books in Like New Condition

This book may contain very minor cosmetic defects, but it is in pristine condition. There should be no yellowing, no foxing, no water damage, and no annotations of any kind on the cover and the pages. For paperbacks, there should not be any crease marks on the spine. This book is good as new — lucky you!

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Very Good Condition

This book has been used, but it is still in a clean condition. There should be no foxing or annotations of any kind on the inner pages, but a sparse amount may be present on the cover, title pages, or outside edges of the book. There should be no water damage of any kind. For paperbacks, there may be light crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Good Condition

We do our best to ensure the quality of our books, but there is no escaping the wear and tear that comes with time. Slight foxing and some annotations may be present on the pages and the cover. There should be no water damage of any kind. For paperbacks, there may be several crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Well Read Condition

This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

 

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ISBN: 9780674843738
Authors: Edmund S. Phelps
Publisher: Harvard University Press
Date of Publication: 1994-01-01
Format: Hardcover
Related Collections: Economics, Business, Philosophy
Related Topics: Management, Theory, Society, Social Science, Finance
Goodreads rating: 4.5
(rated by 4 readers)
 

Innovative theory explaining persistent unemployment trends.

If you've been grappling with the complexities of economic fluctuations, particularly why certain economies seem stuck in periods of high unemployment, Edmund Phelps' "Structural Slumps" could offer you a fresh perspective. This isn't just another echo of familiar economic theories; it's a challenging and rigorous exploration that builds a new framework around the idea of natural rate shifts within labor and capital markets. As you delve into the technical models and empirical data that Phelps presents, you might find yourself gaining a deeper appreciation for the structural forces that shape our economic reality. This book could change the way you think about economic policies and their long-term implications.

  • PROSE Award for Economics (1994)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.