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Annotation

Modern Macroeconomics

In loving memory of Brian’s parents, Joseph and Margaret Snowdon, and

Howard’s father, Philip M. Vane

Modern

Macroeconomics

Its Origins, Development and Current State

Brian Snowdon

Principal Lecturer in Economics in the Newcastle Business

School, Northumbria University, Newcastle upon Tyne, UK

Howard R. Vane

Professor of Economics in the School of Accounting, Finance

and Economics, Liverpool John Moores University, Liverpool,

UK

Edward Elgar

Cheltenham, UK • Northampton, MA, USA

© Brian Snowdon, Howard R. Vane 2005

All rights reserved. No part of this publication may be reproduced, stored in

a retrieval system or transmitted in any form or by any means, electronic,

mechanical or photocopying, recording, or otherwise without the prior

permission of the publisher.

Published by

Edward Elgar Publishing Limited

Glensanda House

Montpellier Parade

Cheltenham

Glos GL50 1UA

UK

Edward Elgar Publishing, Inc.

136 West Street

Suite 202

Northampton

Massachusetts 01060

USA

A catalogue record for this book

is available from the British Library

ISBN 1 84376 394 X (cased)

1 84542 208 2 (paperback)

Typeset by Manton Typesetters, Louth, Lincolnshire, UK.

Printed and bound in Great Britain by MPG Books Ltd, Bodmin, Cornwall.