This book examines new classical macroeconomics from a comparative and critical point of view that confronts the original texts and later comments as a first di

Comprises articles published between 1972 and 1992 on new classical macroeconomics. It starts by examining the rational expectations hypothesis and the applicat

What is New Classical Macroeconomics In the field of macroeconomics, there is a school of thinking known as new classical macroeconomics, which is also referred

In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement