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The Revival of Laissez-faire in American Macroeconomic Theory

A Case Study of the Pioneers

By (author) Sherryl Kasper
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 27th Nov 2002
Dimensions: w 156mm h 234mm d 20mm
Weight: 366g
ISBN-10: 1840646063
ISBN-13: 9781840646061
Barcode No: 9781840646061
In the 1970s, the Keynesian orthodoxy in macroeconomics began to break down. In direct contrast to Keynesian recommendations of discretionary policy, models advocating laissez-faire came to the forefront of economic theory, from monetarism to public choice theory to new classical economics. This book provides a comprehensive account of this watershed and traces the evolution of laissez-faire using the cases of its main proponents.

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