Behavioural macroeconomics I only wish that Ian McDonalds Behavioural Macroeconomics had been available when I was preparing A Guide to Behavioral Economics; it certainly would have provided me with material to fill in a number of gaps and cite several additional important concerns! Hugh Schwartz University of the Republic Uruguay. This invaluable volume brings together seminal articles with a significant behavioural content on various areas in macroeconomics. The topics covered include a historical perspective on psychology and economics social norms and macroeconomics the nature of unemployment unemployment and inflation consumption and saving the causes of the global financial crisis economic growth and happiness and income distribution and the underclass. The collection also covers a broad range of the theories and methods used in behavioural economics. The comprehensive volume with an original introduction by the editor will be an essential compendium for researchers and students interested in behavioural economics B. Curtis Eaton and Mukesh Eswaran (2009) Well being and Affluence in the Presence of a Veblen Good Economic Journal 119 (539) July 1088 104 Jonathan D. Cohen (2005) The Vulcanization of the Human Brain: A Neural Perspective on Interactions Between Cognition and Emotion Journal of Economic Perspectives 19 (4) Fall 3 24 Robert J. Oxoby (2004) Cognitive Dissonance Status and Growth of the Underclass Economic Journal 114 (498) October 727 49 Andrew E. Clark and Andrew J. Oswald (1994) Unhappiness and Unemployment Economic Journal 104 (424) May 648 59 M. Daniele Paserman (2008) Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation Economic Journal 118 (531) August 1418 52 George A. Akerlof and Janet L. Yellen (1990) The Fair Wage Effort Hypothesis and Unemployment Quarterly Journal of Economics CV (2) May 255 83 Truman F. Bewley (1995) A Depressed Labor Market as Explained by Participants American Economic Review 85 (2) May 250 54 Ernst Fehr and Armin Falk (1999) Wage Rigidity in a Competitive Incomplete Contract Market Journal of Political Economy 107 (1) February 106 34 Ernst Fehr and Georg Kirchsteiger (1994) Insider Power Wage Discrimination and Fairness Economic Journal 104 (424) May 571 83 Lawrence H. Summers (1988) Relative Wages Efficiency Wages and Keynesian Unemployment American Economic Review 78 (2) May 383 8 V. Bhaskar (1990) Wage Relativities and the Natural Range of Unemployment Economic Journal 100 (400) 60 66 201 Hugh Sibly (2002) Loss Averse Customers and Price Inflexibility Journal of Economic Psychology 23 (4) August 521 38 Ian M. McDonald and Hugh Sibly (2005) The Diamond of Macroeconomic Equilibria and Non Inflationary Expansion Metroeconomica 56 (3) July 393 409 J.N. Lye I.M. McDonald and H. Sibly (2001) An Estimate of the Range of Equilibrium Rates of Unemployment for Australia Economic Record 77 (236) March 35 50 John C. Driscoll and Steinar Holden (2004) Fairness and Inflation Persistence Journal of the European Economic Association 2 (2 3) April May 240 51 Rafael Di Tella Robert J. MacCulloch and Andrew J. Oswald (2001) Preferences Over Inflation and Unemployment: Evidence from Surveys of Happiness American Economic Review 91 (1) March 335 41 Richard H. Thaler and Shlomo Benartzi (2004) Save More TomorrowTM: Using Behavioral Economics to Increase Employee Saving Journal of Political Economy 112 (1 pt.2) S164 S187 David Bowman Deborah Minehart and Matthew Rabin (1999) Loss Aversion in a Consumption savings Model Journal of Economic Behavior and Organization 38 (2) February 155 78 307 Isabelle Brocas and Juan D. Carrillo (2008) The Brain as a Hierarchical Organization American Economic Review 98 (4) September 1312 46 Ian M. McDonald (2009) The Global Financial Crisis and Behavioural Economics Economic Papers 28 (3) September 249 54 David G. Blanchflower and Andrew J. Oswald (2004) Well being Over Time in Britain and the USA Journal of Public Economics 88 (7 8) July 1359 86 Bruno S. Frey and Alois Stutzer (2002) What Can Economists Learn from Happiness Research Journal of Economic Literature 40 (2) June 402 35 Recommended readings (Machine generated): Driscoll J.C. and Holden S. (2004) Fair treatment and inflation persistence Journal of European Economic Association 2 (2 3) 240 51. Friedman M. (1968) The role of monetary policy American Economic Review 58 (1) 1 17. Gul F. and Pesendorfer W. (2008) The Case for Mindless Economics in The Foundations of Positive and Normative Economics by Andrew Caplin and Andrew Shotter (eds.) New York: Oxford University Press. Heidhues P. and Koszegi B. (2008) Competition and price variation when consumers are loss averse American Economic Review 98 (4) 1245 68. Hirsch F. (1976) The Social Limits of Growth Cambridge MA: Harvard University Press. Kahneman D. and Tversky A. (1979) Prospect theory: An analysis of decision under risk Econometrica 46 263 91. Keynes J.M. (1936) The General Theory of Employment Interest and Prices London: Macmillan. Knabe A. Rätzel S. Schöb R. and Weimann J. (2010) Dissatisfied with life but having a good day: Time use and well being of the unemployed Economic Journal 120 (547) 867 89. Layard R. (2005) Happiness: Lessons from a New Science London: Penguin Allen Lane. Lye J.N. and McDonald I.M. (2006) Union power and Australias Inflation Barrier 1965:4 to 2003:3 Australian Journal of Labour Economics 9 (3) 287 304. Lye J.N. and McDonald I.M. (2008) The Eisner puzzle the unemployment threshold and the range of equilibria International Advances in Economic Research 14 (2) 125 41. Lye J.N. McDonald I.M. and Sibly H. (2001) An estimate of the range of equilibrium rates of unemployment for Australia Economic Record 77 (236) 35 50. McDonald I.M. (2010) Beyond Krugman to behavioural Keynes Agenda 17 (1) 89 93. Phelps E.S. (1968) Money wage dynamics and labor market equilibrium Journal of Political Economy 76 (4 Part 2): Issues in monetary research 678 711. Phillips A.W. (1958) The relation between unemployment and the rate of change of money wage rates in the United Kingdom 1861 1957 Economica 25 283 99. Robinson J. (1937) Essays in the Theory of Employment Oxford: Blackwell (1947 edition). Robinson J. (1973) Collected Economic Papers volume 4 Oxford: Blackwell. Luigino Bruni and Robert Sugden (2007) The Road Not Taken: How Psychology was Removed from Economics and How it Might be Brought Back Economic Journal 117 (516) January 146 73 George A. Akerlof (2007) The Missing Motivation in Macroeconomics American Economic Review 97 (1) March 5 36