Economic Breakthrough and Recovery: Theory and Policy

Jeffrey R Cornwall, David C. Colander

Foreword: Economic Breakdown and Recovery Preface to the 1994, Preface to the 1990 Edition PART I FRAMEWORK Introduction I: Framework How should we do Macroeconomics? 2 The Evolutionary Nature of Twentieth-century Capitalism 3 A Reappraisal of Vertical Phillips Curve Analysis 4 Some Basic Determinants of Unemployment 5 Macroeconomic Performance and Institutions 6 Econometric Tests of Institutional Influences PART II BREAKDOWN 7 Unemployment Performance since the Breakdown 8 High Inflation and Policy-Induced High Unemployment 9 Explaining the Breakdown 10 A Model of Long-run Mass Unemployment PART III RECOVERY Introduction III: Recovery III. 1 Introduction III.2 Outline of Part III 11 The Boom of the 1980s and its Aftermath 12 A Program for Economic Recovery In the United States 13 Choosing the Future

This study of macroeconomics combines treatment of opposing theories with a presentation of evidence to point the way toward a reconstructed macro research and policy programme.