000			03681nam a2200445 i 4500
001			9781947441132
003			BEP
005			20240726104647.0
008			180404s2018 nyu foab 001 0 eng d
020			_a9781947441132 _q((electronic)l(electronic)ctronic)-book
040			_aCaBNVSL _beng _erda _cCaBNVSL _dCaBNVSL
050	0	4	_aHB172 _b.N496 2018
100	1		_aMulay, Apek, _e1
245	1	0	_aNew macroeconomics /Apek Mulay.
250			_aFirst edition.
260			_aNew York, New York (222 East 46th Street, New York, NY 10017) : _bBusiness Expert Press, _c(c)2018.
300			_a1 online resource (xvi, 123 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
490	1		_aEconomics collection,
504			_a2
505	0	0	_a1. Introduction -- _t2. Global economy in the new millennium -- _t3. Macroeconomics of income and wealth concentration -- _t4. The environment and macroeconomics -- _t5. Stock market and macroeconomics -- _t6. The wage-productivity gap -- _t7. The wage gap and the future of the technological sector -- _t8. Summation -- _tAbout the author -- _tIndex.
520	3		_aAccording to the National Bureau of Economic Research (NBER), a deep recession started in the United States in December 2007 and ended in June 2009. However, most people recognize that even though the recession was said to be over, its aftereffects lingered well into the next decade, and even in 2017, some ten years later, governments in America and around the world were struggling with problems of low growth, wage stagnation, and high poverty. Most economists were caught off guard, and they began to look for new ideas that may be appropriately called NEW MACROECONOMICS. In the spirit of scientific inquiry, it is important to compare accepted theory with reality. Keynesianism remains the dominant paradigm in macroeconomics, and the 2008 meltdown revived Keynesian prescriptions. But the subsequent anemic and fraught recovery also intensified criticism of Keynesianism. This book examines consensus economics in the context of recent developments. I confess that this book could be interpreted as a highly personal perspective. It draws upon ideas from a few well-known experts such as Professors Joseph Stiglitz, Paul Krugman, and Ravi Batra through the lens of my own experience in the technology sector. The book shows that a new theory, known as the wage-productivity model, explains almost every macroeconomic experience of the global economy since 1980. This is an incredible claim, but those who have examined it agree with my assessment. The forecasting record of this theory is also stunning. It predicted the Great Recession a year before it started, arguing that a steep downturn would start in 2007 and then linger in one form or another until 2019. You have to read this theory to believe it.
530			_a2 _ub
530			_aAlso available in printing.
538			_aMode of access: World Wide Web.
588			_aTitle from PDF title page (viewed on April 4, 2018).
650		0	_aMacroeconomics.
653			_aThe environment
653			_afree markets
653			_athe Great Recession
653			_anegative interest rates
653			_astock market bubble and crash
653			_awealth concentration
655		0	_aElectronic books.
856	4	1	_uhttps://go.openathens.net/redirector/ciu.edu?url=https://portal.igpublish.com/iglibrary/search/BEPB0000700.html _zClick here to access this RESOURCE ONLINE | Login using your my.ciu username & password
942			_c1 _D _eBEP _hHB172.5 _m(c)2018 _QOB _R _x _8NFIC _dCynthia Snell
999			_c74056 _d74056
902			_a1 _bCynthia Snell _c1 _dCynthia Snell