Umfang:
1 Online-Ressource (xx, 215 Seiten) :
,
Diagramme.
ISBN:
978-1-139-15085-9
Serie:
Historical perspectives on modern economics
Inhalt:
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 of wider developments in macroeconomics, the authors contend that this was never a single research program, but involved economists with very different aims who developed the basic ideas about quantity constraints, spillover effects and coordination failures in different ways. The authors contrast this with the equilibrium, market-clearing approach of Phelps and Lucas, arguing that equilibrium theories simply assumed away the problems that had motivated the disequilibrium literature. Although market-clearing models came to dominate macroeconomics, disequilibrium theories never went away and continue to exert an important influence on the subject. Although this book focuses on one strand in modern macroeconomics, it is crucial to understanding the origins of modern macroeconomic theory
Anmerkung:
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
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 978-1-107-43538-4
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 978-1-107-02319-2
Sprache:
Englisch
Fachgebiete:
Wirtschaftswissenschaften
Schlagwort(e):
Makroökonomie
;
Gleichgewicht
;
Mikroökonomische Fundierung
;
Ideengeschichte
DOI:
10.1017/CBO9781139150859
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(lizenzpflichtig)
URL:
https://doi.org/10.1017/CBO9781139150859
Mehr zum Autor:
Boianovsky, Mauro 1959-2024
