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

Edmund S. Phelps

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

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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

Regular price
Unit price
per
Condition guide
ISBN: 9780674843738
Date of Publication: 1994-01-01
Format: Hardcover
Related Collections: Economics, Business, Philosophy
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.

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