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The contributors include: Roger E. Backhouse, Mauro Boianovsky, Michael Bordo, David Colander, William Darity Jr., Michel De Vroey, Robert W. Dimand, Kevin D. Hoover, David Laidler, Robert E. Lucas Jr., Edward Nelson, Goulven Rubin, Anna Schwartz, Scott Sumner, and Warren Young. Michel De Vroey is Professor of Economics at the Universite Catholique de Louvain in Belgium. Kevin D. Hoover is Professor of Economics at the University of California, Davis.
For some twenty-five years after the end of the Second World War, the is-lm model dominated macroeconomics. With the advent of the new classical macroeconomics in the early 1970s, the dominance of the is-lm model was effectively challenged. This volume explores the rise, the fall, and the persistence of the is-lm model.
For some twenty-five years after the end of the Second World War, the is-lm model dominated macroeconomics. With the advent of the new classical macroeconomics in the early 1970s, the dominance of the is-lm model was effectively challenged. This volume explores the rise, the fall, and the persistence of the is-lm model.