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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.

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Also Published In

Title
Contemporary Issues in Macroeconomics
Publisher
Palgrave Macmillan
DOI
https://doi.org/10.1057/9781137529589_4

More About This Work

Academic Units
Economics
Published Here
February 5, 2019

Notes

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