عنوان

Transforming modern macroeconomics :

(Number (ISBN

110702319X

(Number (ISBN

9781107023192

Number

dltt

Title Proper

Transforming modern macroeconomics :

General Material Designation

[Book]

Other Title Information

exploring disequilibrium microfoundations, 1956-2003 /

First Statement of Responsibility

Roger E. Backhouse, Mauro Boianovsky.

Place of Publication, Distribution, etc.

New York :

Name of Publisher, Distributor, etc.

Cambridge University Press,

Date of Publication, Distribution, etc.

2013.

Specific Material Designation and Extent of Item

xx, 215 pages :

Other Physical Details

illustrations ;

Dimensions

24 cm.

Series Title

Historical perspectives on modern economics

Text of Note

Includes bibliographical references (pages 189-207) and index.

Text of Note

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.

0

Text of Note

"This book tells the story of the search for non-Walrasian micro-foundations for macroeconomic theory, from the disequilibrium theories of Patinkin, Clower, and Leijonhufvud to recent dynamic stochaotic 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 approach of Phelps and Lucas, arguing that equilibrium theories simply assumed away the problems that had motivated the disequilibrium literature. Although equilibrium Walrasian models came to dominate macroeconomics, non-Walrasian 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"--

Parallel Title

Exploring disequilibrium microfoundations

Equilibrium (Economics)-- History.

Macroeconomics-- History.

Class number

System Code

Backhouse, Roger,1951-

Boianovsky, Mauro.

Date of Transaction

20130314151622.0

Cataloguing Rules (Descriptive Conventions))

rda

Electronic name

[Book]

Y