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Index
Front cover
Title Page
Copyright
Contents
Preface to the Australian Edition
Preface to the First Edition
Introduction
CHAPTER 1: THE GREAT MODERATION
Birth: Calm after the Storms
Life: The Great Risk Shift
Death: The Dissenters and Their Vindication
Reanimation: A Global Crisis or a Transitory Blip?
After the Zombies: Rethinking the Experience of the Twentieth Century
Further Reading
CHAPTER 2: THE EFFICIENT MARKETS HYPOTHESIS
Birth: From Casino to Calculating Machine
Life: Black–Scholes, Bankers, and Bubbles
Death: The Crisis of 2008
Reanimation: Chicago Revives the Dead
After the Zombies: The State and the Market
Further Reading
CHAPTER 3: DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM
Birth: From the Phillips Curve to the NAIRU, and Beyond
Life: Rationality and the Representative Agent
Death: How Did Economists Get It So Wrong?
Reanimation: How Obama Caused the Global Financial Crisis
After the Zombies: Toward a Realistic Macroeconomics
Further Reading
CHAPTER 4: TRICKLE-DOWN ECONOMICS
Birth: From Supply-side Economics to Dynamic Scoring
Life: Excuses For Inequality
Death: The Rich Get Richer and the Poor Go Nowhere
Reanimation: Mobility without Movement
After the Zombies: Economics, Inequality, and Equity
Further Reading
CHAPTER 5: PRIVATIZATION
Birth: We Are All Market Liberals Now
Life: A Policy in Search of a Rationale
Death: Puzzles and Failures
Reanimation: Dead for Good?
After the Zombies: The Mixed Economy
Further Reading
CHAPTER 6: ECONOMIC RATIONALISM: ZOMBIE ECONOMICS IN AUSTRALIA
Introduction
Birth: Economic Rationalism and Microeconomic Reform
Life: Recession, National Competition Policy and the Productivity “Miracle”
Death: The Failure of the Efficient Markets Hypothesis and the Success of Keynesian Stimulus
Reanimation: Austerity and Productivity, Yet Again
After the Zombies
Further Reading
CONCLUSION: ECONOMICS FOR THE TWENTY-FIRST CENTURY
Rethinking the Experience of the Twentieth Century
A New Approach to Risk and Uncertainty
What Is Needed in Economics
References
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