Transforming modern macroeconomics :: the search for disequilibrium microfoundations, 1956-2003 /
"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 backg...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge :
Cambridge University Press,
2012.
|
| Schriftenreihe: | Historical perspectives on modern economics.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "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"-- |
| Beschreibung: | 1 online resource |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9781139776738 1139776738 9781139150859 1139150855 |
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| spelling | Backhouse, Roger, 1951- https://id.oclc.org/worldcat/entity/E39PBJgt83k7K3RXfjCXYcCmh3 http://id.loc.gov/authorities/names/n84175828 Transforming modern macroeconomics : the search for disequilibrium microfoundations, 1956-2003 / Roger E. Backhouse, Mauro Boianovsky. Cambridge : Cambridge University Press, 2012. 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier Historical perspectives on modern economics "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"-- Provided by publisher. Includes bibliographical references and index. Machine generated contents 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; Bibliography. Print version record. Macroeconomics History. Equilibrium (Economics) History. Macroéconomie Histoire. BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Macroeconomics. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Equilibrium (Economics) fast Macroeconomics fast History fast Boianovsky, Mauro. has work: Transforming modern macroeconomics (Text) https://id.oclc.org/worldcat/entity/E39PCG4vMmWMvXctTyRrfHcvRC https://id.oclc.org/worldcat/ontology/hasWork Print version: Backhouse, Roger, 1951- Transforming modern macroeconomics. Cambridge : Cambridge University Press, 2012 9781107023192 (DLC) 2012017765 (OCoLC)793221789 Historical perspectives on modern economics. http://id.loc.gov/authorities/names/n84749564 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=494741 Volltext CBO01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=494741 Volltext |
| spellingShingle | Backhouse, Roger, 1951- Transforming modern macroeconomics : the search for disequilibrium microfoundations, 1956-2003 / Historical perspectives on modern economics. Machine generated contents 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; Bibliography. Macroeconomics History. Equilibrium (Economics) History. Macroéconomie Histoire. BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Macroeconomics. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Equilibrium (Economics) fast Macroeconomics fast |
| title | Transforming modern macroeconomics : the search for disequilibrium microfoundations, 1956-2003 / |
| title_auth | Transforming modern macroeconomics : the search for disequilibrium microfoundations, 1956-2003 / |
| title_exact_search | Transforming modern macroeconomics : the search for disequilibrium microfoundations, 1956-2003 / |
| title_full | Transforming modern macroeconomics : the search for disequilibrium microfoundations, 1956-2003 / Roger E. Backhouse, Mauro Boianovsky. |
| title_fullStr | Transforming modern macroeconomics : the search for disequilibrium microfoundations, 1956-2003 / Roger E. Backhouse, Mauro Boianovsky. |
| title_full_unstemmed | Transforming modern macroeconomics : the search for disequilibrium microfoundations, 1956-2003 / Roger E. Backhouse, Mauro Boianovsky. |
| title_short | Transforming modern macroeconomics : |
| title_sort | transforming modern macroeconomics the search for disequilibrium microfoundations 1956 2003 |
| title_sub | the search for disequilibrium microfoundations, 1956-2003 / |
| topic | Macroeconomics History. Equilibrium (Economics) History. Macroéconomie Histoire. BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Macroeconomics. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Equilibrium (Economics) fast Macroeconomics fast |
| topic_facet | Macroeconomics History. Equilibrium (Economics) History. Macroéconomie Histoire. BUSINESS & ECONOMICS Economic History. BUSINESS & ECONOMICS Economics Macroeconomics. POLITICAL SCIENCE Economic Conditions. Equilibrium (Economics) Macroeconomics History |
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