{"product_id":"the-holy-grail-of-macroeconomics","title":"The Holy Grail of Macroeconomics","description":"Condition: BRAND NEW\u003cbr\u003eISBN: 9780470824948\u003cbr\u003eYear: 2009\u003cbr\u003ePublisher: John Wiley \u0026amp; Sons (Asia)\u003cbr\u003ePages: 356\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eDescription:\u003cbr\u003eThe revised edition of this highly acclaimed work presents crucial\u003cbr\u003elessons from Japan's recession that could aid the US and other\u003cbr\u003eeconomies as they struggle to recover from the current financial\u003cbr\u003ecrisis. \u003cbr\u003e\u003cbr\u003e\u003cbr\u003eThis book is about Japan's 15-year long recession and how it\u003cbr\u003eaffected current theoretical thinking about its causes and cures.\u003cbr\u003eIt has a detailed explanation on what happened to Japan, but the\u003cbr\u003ediscoveries made are so far-reaching that a large portion of\u003cbr\u003eeconomics literature will have to be modified to accommodate\u003cbr\u003eanother half to the macroeconomic spectrum of possibilities that\u003cbr\u003econventional theorists have overlooked.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eThe author developed the idea of yin and yang business cycles\u003cbr\u003ewhere the conventional world of profit maximization is the yang and\u003cbr\u003ethe world of balance sheet recession, where companies are\u003cbr\u003eminimizing debt, is the yin. Once so divided, many varied theories\u003cbr\u003edeveloped in macro economics since the 1930s can be nicely\u003cbr\u003ecategorized into a single comprehensive theory- The Holy Grail\u003cbr\u003eof Macro Economics","brand":"Smartfox Books","offers":[{"title":"Default","offer_id":41529912164485,"sku":"PR88205","price":82.3,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0562\/0213\/3637\/files\/image_STJUMBM1PRQ2.jpg?v=1772068771","url":"https:\/\/smartfoxbooks.co.nz\/products\/the-holy-grail-of-macroeconomics","provider":"Smartfox Books","version":"1.0","type":"link"}