1st Edition

Uncertainty, Macroeconomic Stability and the Welfare State

By Sven Larson Copyright 2002

    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.

    Introduction, The space and time of this book, A methodological note, 1 Uncertainty and Prices, 2 Demand, Supply and Stability, 3 Collective Stability, Concluding Words, Appendix.


    Sven Larson