The New Classical Macroeconomics
A Sceptical Inquiry
The New Classical Macroeconomics gives an accessible, rigorous, critical account of the central doctrines of the new classical economics, without unnecessarily difficult mathematics. It focuses on four central issues: the foundation of monetary theory; monetary and fiscal policy; labour supply and business cycles; and the attack on econometric models. In addition, the relationship of the new classical economics to monetarism and the Austrian school, with both of which it is often confused, it explored.
"An excellent volume, which deserves to be read by anyone seriously
interested in explaining the operation of the macroeconomy."
Times Higher Education Supplement
"I enjoyed Kevin Hoover's book very much. It is critical writing
of the very highest order - a rarity in macroeconomics. The breadth
of coverage is also very impressive. In particular, i thought
Hoover's treatment of my work is fair and accurate, even when it
hurt. I will be a better writer and scholar in the future with the
prospect of this kind of criticism in mind." Robert E. Lucas,
Jr, Professor of Economics, University of Chicago
"This book represents an excellent account of a most important
development in modern macroeconomics. It is a splendid achievement,
well argued, well written, rigorous, and yet easily accessible."
M. J. Artis, Professor of Economics, University of
Manchester
"The book is very well written, it covers the literature
comprehensively and expresses complex arguments with authority and
at a brisk pace." Nigel W. Duck, Department of Economics,
University of Bristol
interested in explaining the operation of the macroeconomy."
Times Higher Education Supplement
"I enjoyed Kevin Hoover's book very much. It is critical writing
of the very highest order - a rarity in macroeconomics. The breadth
of coverage is also very impressive. In particular, i thought
Hoover's treatment of my work is fair and accurate, even when it
hurt. I will be a better writer and scholar in the future with the
prospect of this kind of criticism in mind." Robert E. Lucas,
Jr, Professor of Economics, University of Chicago
"This book represents an excellent account of a most important
development in modern macroeconomics. It is a splendid achievement,
well argued, well written, rigorous, and yet easily accessible."
M. J. Artis, Professor of Economics, University of
Manchester
"The book is very well written, it covers the literature
comprehensively and expresses complex arguments with authority and
at a brisk pace." Nigel W. Duck, Department of Economics,
University of Bristol
Kevin D. Hoover is Assistant Professor of Economics at the University of california, Davis. He was Heyworth Prize Research Fellow at Nuffield College, Oxford (1981-4), and has been a researcher and Visiting Economist at the Federal Reserve Bank of San Francisco.
