บทความโดย วรรณพงษ์ ดุรงคเวโรจน์ Part 1 Frontiers of Business Cycle Theories Chapter I: Introduction : Behaviour of output, unemployment, and price level in U.S. In 1930s when the Great Depression took place, economists try to find the answer about it. In soon, Keynesian model is very popular among the economists and socialists. But it is loss their popularity within the 1960s due to its failure of model relative to inflation and supply shocks. Although this model was skepticism, it’s notable in most of the economic books for long times. Purpose of this book is to show the method for analyzing real-world macroeconomic problem that we’ve to consider the historical record of its variables in U.S. Figure 1 : Real GDP from a year 1860 to 1999 in the Book page i-2 ...
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