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Library Journal
Reviewed on September 15, 2016 | Social Sciences
Farmer (economics, Univ. of California, Los Angeles; How the Economy Works) lays out his view of economics and how to improve central bank economic policy. He first summarizes current macroeconomic theories and then points out their flaws. Among the ideas the author attacks are the Phillips Curve, the Natural Rate Hypothesis, the concept that unemployment is...Log In or Sign Up to Read More