Reconstruction of Macroeconomics: Methods of Statistical Physics, and Keynes' Principle of Effective Demand

by Hiroshi Yoshikawa

This book explains how standard micro-founded macroeconomics is misguided and proposes an alternative method based on statistical physics. The Great Recession following the bankruptcy of Lehman Brothers in September 2015 amply demonstrated that mainstream micro-founded macroeconomics was in trouble. The new approach advanced in this book reasonably explains important macro-problems such as employment, business cycles, growth, and inflation/deflation...

• Format: Hardcover
• Language: English
• ISBN: 9811952639
• ISBN13: 9789811952630
• Release Date: October 2022
• Publisher: Springer
• Length: 238 Pages
• Weight: 1.18 lbs.
• Dimensions: 0.6" x 6.1" x 9.2"