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Lap Lambert Academic

The book "Contemporary Economic Science: Crisis or Progress?" by Monica Dobrescu offers a comprehensive analysis of current developments and future trends in economics. It examines the state of economic science in the context of the global crisis and highlights the most significant changes in economic theory and practice since World War II, particularly over the last four decades. The author addresses theoretical advancements in areas such as the microeconomic foundations of macroeconomics, rational expectations, market equilibrium models, and theories of business cycles. Despite these advancements, it is noted that the influence on economic policy remains limited, as the analytical methods of economists have not fundamentally changed. The book discusses the prevailing schools of thought, particularly the New Classical School and New Keynesian Economics, and concludes that economics is not in a crisis but rather characterized by slow progress or stagnation, while new paradigms are being sought.

Actual product image Contemporary Economic Science: Crisis or Progress? (German, Monica Dobrescu, 2012)

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