Transforming modern macroeconomics exploring disequilibrium microfoundations, 1956-2003
This book tells the story of the search for disequilibrium micro-foundations for macroeconomic theory, from the disequilibrium theories of Patinkin, Clower and Leijonhufvud to recent dynamic stochastic general equilibrium models with imperfect competition. Placing this search against the background...
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| Hauptverfasser: | , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge
Cambridge University Press
2013
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| Schriftenreihe: | Historical perspectives on modern economics
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| Schlagworte: | |
| Online-Zugang: | DE-12 DE-188 DE-188 DE-473 URL des Erstveröffentlichers |
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Inhaltsangabe:
- 1. Introduction
- 2. Macroeconomics after Keynes
- 3. Don Patinkin and the neoclassical synthesis
- 4. Clower, Leijonhufvud and the re-appraisal of Keynesian economics
- 5. Macroeconomics with slow price adjustment
- 6. 'Equilibrium' microfoundations
- 7. General equilibrium and imperfect competition
- 8. Microeconomics and macroeconomics
- 9. After the 1970s
- 10. Conclusions