The Friedman-Lucas Transition in Macroeconomics : Academic Press : 9780128165652 : 0128165650 : 19 Feb 2020 : The Friedman-Lucas Transition in Macroeconomics: A Structuralist Approach considers how and to what extent monetarist and new classical theories of the business-cycle can be regarded as approximately true descriptions of a cycle's causal structure or whether they can be no more than useful predictive instruments. This book will be of interest to upper-division undergraduates, graduate students, researchers and professionals concerned with practical, theoretical and historical aspects of macroeconomics and business-cycle modeling. Offers a wide selection of Robert Lucas's unpublished worksDiscusses the history of business-cycle theories in the context of methodological advancementsSuggests effective arguments for emphasizing the key role of representative agents and their assumed properties in macro-modeling