Academic Commons

Chapters (Layout Features)

A Theory of Pseudo-Wealth

Guzman, Martin; Stiglitz, Joseph E.

Recent events in the US and Europe have witnessed the limitations of conventional macroeconomic models to predict and explain large economic recessions and crises, and to provide guidance for policies that attempt to resolve them.

Geographic Areas


  • thumnail for 2015 Theory of Pseudo Wealth.pdf 2015 Theory of Pseudo Wealth.pdf application/pdf 100 KB Download File

Also Published In

Contemporary Issues in Macroeconomics
Palgrave Macmillan

More About This Work

Academic Units
Published Here
February 5, 2019


Paper presented at a special session of the International Economic Association World Congress, Dead Sea, Jordan, June 2014.

Academic Commons provides global access to research and scholarship produced at Columbia University, Barnard College, Teachers College, Union Theological Seminary and Jewish Theological Seminary. Academic Commons is managed by the Columbia University Libraries.