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Theoretical Issues in Macroeconomics

In: Issues in Contemporary Macroeconomics and Distribution

Author

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  • James Tobin

Abstract

Economics has always derived inspiration and energy from the burning issues of the day. Economists have shared the concerns of their fellow citizens and have addressed them as analysts, teachers, and advocates. Their own controversies have mirrored the ideological and political debates of their societies and epochs. From these encounters have developed principles and methods that outlasted their practical origins and gave our subject the cumulative continuity and internal dynamics of a discipline. Adam Smith’s challenge to mercantilism, Ricardo’s attack on the Corn Laws, and the Austrian School’s response to Marxism are examples.

Suggested Citation

  • James Tobin, 1985. "Theoretical Issues in Macroeconomics," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Issues in Contemporary Macroeconomics and Distribution, chapter 2, pages 103-133, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06879-1_2
    DOI: 10.1007/978-1-349-06879-1_2
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    Cited by:

    1. Carlos Eduardo Iwai Drumond & Cleiton Silva Jesus & João Basilio Pereima & Hiroyuki Yoshida, 2022. "Alternative monetary policy rules and expectational consistency," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 319-341, April.

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