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Riddles and Models: A Review Essay on Michel De Vroey’s A History of Macroeconomics from Keynes to Lucas and Beyond

Costas Azariadis

Washington University and Federal Reserve Bank of St Louis.

Journal of Economic Literature 2018

This essay reviews Michel De Vroey’s important new book on the history of macroeconomics, which extends to business cycles an earlier book by the same author on the history of involuntary unemployment. The review also offers a broader nontechnical survey of the issues and models that make up modern macroeconomics, including a reckoning of what we have learned since John Maynard Keynes and of the discoveries that still lie ahead. ( JEL B22, B41, E12, E13, E32)

DOI
10.1257/jel.20181439
Volume
56 (4)
Pages
1538-1576
Language
en
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