Bernhard Felderer

Die hervorragende Aufnahme, die dieses Buch seit seinem erstmaligen Erscheinen im Jahr 1984 in der Fachwelt und bei den Studenten erfahren hat, zeigt, dass es den Autoren gelungen ist, den Leser umfassend in den derzeitigen Stand der makroökonomischen Theorie einzuführen. Das Buch, das auch in englischer, russischer, slowakischer und ukrainischer Sprache vorliegt, kann als ein Standardwerk bezeichnet werden. Auch in der neuen Auflage wird das bewährte Konzept beibehalten und ein Großteil der makroökonomischen Methodik inklusive Modelle offener Volkswirtschaften abgehandelt.

This book gives a comprehensive account of traditional and more recent developments in macroeconomic theory. It is written primarily for students at the intermediate level. The book differs from the customary expositions in that the authors do not discuss topic by topic but orthodoxy by orthodoxy. Thus, the main approaches, like Classical theory, Keynesian theory, theory of portfolio selection, Monetarism, Rational Expectations theory, and Neokeynesian "disequilibrium" theory are presented in historical order. Each of these approaches is substantiated and criticized in a self-contained chapter, and the authors have taken great pains to bring out the relations and differences between them. A mathematical appendix reviews those mathematical facts which are especially important for macroeconomic models and serves to make the text easy to read.

This book gives a comprehensive account of traditional and more recent developments in macroeconomic theory. It is primarily written for students at the intermediate level. The book differs from the customary expositions in that the authors do not discuss topic by topic, but doctrine by doctrine. Thus, the main approaches, such as Classical theory, Keynesian theory, theory of portfolio selection, monetarism, rational expectations theory, and Neokeynesian "disequilibrium" theory, are presented in historical order. Each of these approaches is substantiated and criticized in a self-contained chapter, and the authors have taken great efforts to bring out the relations and differences between them. A Mathematical Appendix contains reviews of those mathematical facts which are especially important to macroeconomic models and makes the text easy to read.