{"product_id":"structural-slumps-harvard-university-press-9780674843745-the-modern-equilibrium-theory-of-unemployment-interest-and-assets-edmund-s-phelps","title":"Structural Slumps","description":"\u003cp\u003eDelve into the innovative economic theories of renowned economist Edmund S. Phelps in his thought-provoking book, \u003cstrong\u003eStructural Slumps\u003c\/strong\u003e. Published by Harvard University Press in 1998, this captivating paperback spans 440 pages and challenges traditional views on the business cycle. Phelps critiques prevailing explanations offered by Keynesian, monetarist, and New Keynesian frameworks, presenting a radical new theory to address the prolonged periods of unemployment experienced in the U.S. and Western Europe since the 1970s. His insights draw from both modern and classical economic thought, making this work essential for anyone interested in understanding the complexities of employment, business cycles, and macroeconomics. Discover how Phelps reshapes our understanding of economic stagnation and offers fresh perspectives on a pressing issue impacting economies worldwide.\u003c\/p\u003e","brand":"Edmund S. Phelps","offers":[{"title":"Default Title","offer_id":52227554967894,"sku":"9780674843745","price":61.57,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0886\/3206\/6390\/files\/9780674843745.jpg?v=1767741923","url":"https:\/\/www.englishbook.fi\/products\/structural-slumps-harvard-university-press-9780674843745-the-modern-equilibrium-theory-of-unemployment-interest-and-assets-edmund-s-phelps","provider":"Bookshop","version":"1.0","type":"link"}