An Encyclopedia of Macroeconomics by Brian Snowdon

By Brian Snowdon

The Encyclopedia of Macroeconomics is an authoritative and worthwhile reference resource on macroeconomics which embraces definitions of phrases and ideas, conflicting ideological techniques and the contributions of significant thinkers. accomplished in scope, it comprises over three hundred brief entries and greater than a hundred particularly commissioned major entries from an across the world popular team of students.

The alphabetically ordered entries could be worthy either as a easy reference resource and a provocative stimulus for extra analyzing. The Encyclopedia will quickly be proven as a number one reference resource on macroeconomics that might either enlighten scholars and be hugely valued by means of students and academics of economics.

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Sample text

When, in the course of time, Mrs Thatcher's full term in office is retrospectively compared with that, for example, of President Reagan, there can be no doubt as to which of them will be judged to have had a more revolutionary impact upon their respective economies. However, as we shall argue below, the odds were stacked in her favour before she began. A crucial - though by no means unique - feature of the UK political system is that it involves a race to be 'first past the post' between a very small number of very strong contenders and a numbrr of 'also-rans'.

5. 4 per cent. This lution'. implies a much lower annual rate of increase over The contribution of each sector's growth in the period as a whole, and clearly indicates a very output to the overall change in calculated by different picture to that suggested by the growth multiplying the figure in column (2) by its weight of nominal income. 5 also show how the main (3) as an absolute figure and in column (4) as a categories of expenditure have altered in real terms percentage share. 4 per cent during this period, Agricul- nature of some of the UK's macroeconomic probture and manufacturing contributed relatively little lems.

Thereafter, real Examining the composition of GOP in terms of GOP increased every year. 2. obtain an understanding of the structure of the economy and the relative importance of different kinds of activities in it. A major use of the accounts is, however, to study the performance and changing structure of the economy over time. 2 is based on the responses tiveness of macroeconomic and other economic to the Confederation of British Industry, (CBI) policies designed to deal with them. 5 for the period of 1977-89.

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