Hiroshi Yoshikawa
Reconstruction of Macroeconomics: Methods of Statistical Physics, and Keynes' Principle of Effective Demand
Reconstruction of Macroeconomics: Methods of Statistical Physics, and Keynes' Principle of Effective Demand
YOU SAVE £18.92
- Condition: Brand new
- UK Delivery times: Usually arrives within 2 - 3 working days
- UK Shipping: Fee starts at £2.39. Subject to product weight & dimension
Couldn't load pickup availability
Excellent- More about Reconstruction of Macroeconomics: Methods of Statistical Physics, and Keynes' Principle of Effective Demand
This book challenges standard micro-founded macroeconomics and proposes an alternative method based on statistical physics, highlighting the importance of demand failures in understanding macro-problems. It offers insights into the historical development of economics and criticizes the concept of "representative agents."
Format: Hardback
Length: 238 pages
Publication date: 30 October 2022
Publisher: Springer Verlag, Singapore
The Great Recession, which followed the bankruptcy of Lehman Brothers in September 2015, starkly highlighted the shortcomings of mainstream micro-founded macroeconomics. In response, this book presents an alternative approach rooted in statistical physics, offering a reasonable explanation for crucial macro-problems such as employment, business cycles, growth, and inflation/deflation. The central concept revolves around demand failures, which have been overlooked in traditional microeconomic frameworks.
Chapter 3, in particular, captures analytically a significant portion of the intuition that underpins Keynesian economics, as noted by Nobel Laureate in Economics Robert Solow. Solow's endorsement further underscores the significance of Professor Hiroshi Yoshikawa's work.
Professor Yoshikawa's unique synthesis of statistical physics and macro-economic theory aims to challenge the failure of economics and finance to comprehend the functioning of an economy or financial market, considering the diverse decision-making of numerous individual actors. The author delves into the historical development, concepts, and errors made by renowned economists throughout history, providing valuable insights. This book is essential reading for economics students, academic researchers, and policy makers alike, as it encourages the adoption of sound reasoning in impactful decision-making.
Weight: 553g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811952630
Edition number: 1st ed. 2022
This item can be found in:
UK and International shipping information
UK and International shipping information
UK Delivery and returns information:
- Delivery within 2 - 3 days when ordering in the UK.
- Shipping fee for UK customers from £2.39. Fully tracked shipping service available.
- Returns policy: Return within 30 days of receipt for full refund.
International deliveries:
Shulph Ink now ships to Australia, Belgium, Canada, France, Germany, Ireland, Italy, India, Luxembourg Saudi Arabia, Singapore, Spain, Netherlands, New Zealand, United Arab Emirates, United States of America.
- Delivery times: within 5 - 10 days for international orders.
- Shipping fee: charges vary for overseas orders. Only tracked services are available for most international orders. Some countries have untracked shipping options.
- Customs charges: If ordering to addresses outside the United Kingdom, you may or may not incur additional customs and duties fees during local delivery.
