This book by Michaël Assous and Vincent Carret contains an introduction and eight chapters that can be read independently. Even so, the chapters together tell a coherent story and are far from disjointed. Each is a piece of a puzzle: to fully capture the birth of macroeconomics in the 1930s and 1940s.
Assous and Carret offer three major contributions, contributions that make their book essential to read. The book's originality, as well as its analytical strength, lies in the great erudition of the authors and their detailed, technical discussions of several important macroeconomic models. The book should also renew the understanding of economists, historians and nonhistorians alike, of macrodynamic issues, cycle analysis, the accelerator-multiplier concept, and theoretical proposals for countercyclical policies. Some might even regard it as a handbook for a (very educated) audience of economists
First, this book sheds light on the shadowy or still-ignored areas of the emergence...
