1st Edition

Uncertainty, Macroeconomic Stability and the Welfare State

By Sven Larson Copyright 2002
    174 Pages
    by Routledge

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    This title was first published in 2002: This monograph sets out to model a macroeconomy that is inherently unstable because of qualitative - or Keynesian - uncertainty. By modelling a macroeconomic theory, this approach to fixed or sticky prices also investigates the link between uncertainty, sticky prices, and macro-stability - by suggesting that such prices improve economic activity rather than impeding it.

    Preface, Introduction, 1. Uncertainty and Prices, 2. Demand, Supply and Stability, 3. Collective Stability, Concluding Words, Appendix, Bibliography, Index


    Sven Larson