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Highlights the influence of Edmund Phelps' ideas. Addressing the most important debates in macroeconomic theory, this book focuses on the rates at which new technologies arise and information about markets is dispersed, information imperfections, and the heterogeneity of beliefs as determinants of an economy's performance.

Produktbeschreibung
Highlights the influence of Edmund Phelps' ideas. Addressing the most important debates in macroeconomic theory, this book focuses on the rates at which new technologies arise and information about markets is dispersed, information imperfections, and the heterogeneity of beliefs as determinants of an economy's performance.
Autorenporträt
Philippe Aghion, winner of the Nobel Prize in Economics, is a professor at the Collège de France, INSEAD, and the London School of Economics. Roman Frydman is professor of economics at New York University. Joseph Stiglitz, winner of the Nobel Prize in Economics, is professor of economics at Columbia University. Michael Woodford is the John Bates Clark Professor of Political Economy at Columbia.