New Paradigm in Macroeconomics

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Critiquing mainstream economics for its abstraction and disconnect from reality, this book proposes a new paradigm that addresses flaws in traditional theories. It emphasizes the importance of imperfect information, the influence of banks and credit markets, economic growth mechanisms, and institutional roles. By rigorously testing this new approach against Japan's macroeconomic landscape, the author aims to provide a comprehensive framework that better explains economic anomalies and reflects real-world complexities.