The methodology of macroeconomic thought
Subtitle: a conceptual analysis of schools of thought in economics
By: Sheila C. Dow.
Contributors: Dow, Sheila C.
Edition: [2nd ed.]
Publisher: E. Elgar
Published: 1996
Place of publication: Brookfield, VT
Language: eng
Number of pages: 255
Subjects: Macroeconomics
Description: In this substantially-revised new edition of her classic work, Macroeconomic Thought: A Methodological Approach, Dr. Dow argues for methodological awareness among practising economists as a basis for constructive debate and reasoned argument. The methodological content has been substantially increased to include material on recent developments in the field.

After analysing the historical and methodological development of each of the schools, the author covers the micro-foundations of their macroeconomics and their approaches to key concepts including equilibrium, expectations, money and macroeconomic policy. Dr. Dow seeks to identify the sources of differences between schools of thought as well as potential and actual commonalities before examining their differences at a conceptual level.

Unlike other accounts, mainstream economics is treated here as one school of thought on a par with Neo-Austrian economics, Post Keynesian economics and Marxian economics.
Notes: Includes bibliographical references (p. 223-245) and indexes.
Rev. ed. of: Macroeconomic thought. 1985.