Monopolistic Competition and Macroeconomic Theory

Robert Solow is widely regarded as one of the greatest living economists. He has conducted path-breaking work in both microeconomics and macroeconomics is the best-selling author of numerous publications and was awarded the Nobel Prize for Economic Science in 1987. In Monopolistic Competition and Macroeconomic Theory Professor Solow gives a nontechnical account of the implications of monopolistic competition on macroeconomic theory and shows that simple and tractable micro-based models can offer the possibility of a richer and more intuitive macroeconomics.