IS-LM and Modern Macroeconomics
IS-LM is perhaps the prime example of `cognitive dissonance' in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand,
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RECENT ECONOMIC THOUGHT SERIES
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IS-LM and Modern Macroeconomics
edited by
Warren Young Ben Zion Zilberfarb Department ofEconomics Bar Ban University Israel
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SPRINGER-SCIENCE+BUSINESS MEDIA, LLC
Library of Congress Cataloging-in-Publication Data IS-LM and modem macroeconomics / edited by Warren Young, Ben Zion Zilberfarb. p. cm. -- (Recent economic thought series) IncJudes bibliographical references and index. ISBN 978-0-7923-7966-9 ISBN 978-94-010-0644-6 (eBook) DOI 10.1007/978-94-010-0644-6 1. IS-LM model (Macroeconomics) 2. Macroeconomics. I. Young, Warren, 1949- II. Zilberfarb, Benzion. III. Series. HB 172.5 .18 2000 339--dc21
00-048786
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Dedication
For our daughters: Shani and Natalie; Shelly, Ella Vered, Noa, and Rachel
TABLE OF CONTENTS
Preface ................................................................................................
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