Macroeconomics As Systems Theory
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Macroeconomics As Systems Theory
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Author : Richard E. Wagner
language : en
Publisher: Palgrave Macmillan
Release Date : 2021-05-17
Macroeconomics As Systems Theory written by Richard E. Wagner and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-17 with Business & Economics categories.
This book examines macroeconomic theory from an analytical framework provided by theories of complex systems, in contrast to conventional theories founded on aggregation. The resulting difference in analytical perspectives is huge: the macro level of society is not pursued through aggregation over micro entities. To the contrary, the micro-macro relation is treated as one of parts-to-whole, and this relation is approached from within an ecological scheme of thought. A society is a complex ecology of plans. That ecology, however, is not reducible to a single plan. Conventional macro theory presents a national economy as a collection of such aggregate variables as output, employment, investment, and a price level, and seeks to develop theoretical relationships among those variables. In contrast, the social-theoretic approach to macro or social theory in this book treats the standard macro variables as having been shaped through social institutions, conventions, and processes that in turn are generated through interaction among economizing persons. The object denoted as macro is thus of a higher order of complexity than the object denoted as micro.
Macroeconomics And Monetary Theory
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Author : Harry Gordon Johnson
language : en
Publisher: Transaction Publishers
Release Date :
Macroeconomics And Monetary Theory written by Harry Gordon Johnson and has been published by Transaction Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Macroeconomic Systems
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Author : Krish Bhaskar
language : en
Publisher: Routledge
Release Date : 2015-09-25
Macroeconomic Systems written by Krish Bhaskar and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-25 with Business & Economics categories.
This volume, originally published in 1976, creates a basis from which the specialist topics of macroeconomics can be approached. The first section deals exclusively with a simple classical and Keynesian model within a single common framework to facilitate easy comparison. Although simple models, they provide a sound starting point for the more advanced ideas which make up the second part of the book. Recognizing tht one of the crucial purposes of macroeconomics is to provide advice for central government policy makers, the policy implications of the models are discussed.
Big Ideas In Macroeconomics
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Author : Kartik B. Athreya
language : en
Publisher: MIT Press
Release Date : 2013-12-27
Big Ideas In Macroeconomics written by Kartik B. Athreya and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-27 with Business & Economics categories.
An accessible description of modern macroeconomics, and a defense of its policy relevance.
Dynamic Macroeconomic Theory
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Author : Thomas J. Sargent
language : en
Publisher: Harvard University Press
Release Date : 2009-06-01
Dynamic Macroeconomic Theory written by Thomas J. Sargent and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-01 with Business & Economics categories.
The tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict the consequences of alternative hypothetical ways of administering government economic policy. General equilibrium models form a convenient context for analyzing such alternative government policies. In the past ten years, the strengths of general equilibrium models and the corresponding deficiencies of Keynesian and monetarist models of the 1960s have induced macroeconomists to begin applying general equilibrium models. This book describes some general equilibrium models that are dynamic, that have been built to help interpret time-series of observations of economic aggregates and to predict the consequences of alternative government interventions. The first part of the book describes dynamic programming, search theory, and real dynamic capital pricing models. Among the applications are stochastic optimal growth models, matching models, arbitrage pricing theories, and theories of interest rates, stock prices, and options. The remaining parts of the book are devoted to issues in monetary theory; currency-in-utility-function models, cash-in-advance models, Townsend turnpike models, and overlapping generations models are all used to study a set of common issues. By putting these models to work on concrete problems in exercises offered throughout the text, Sargent provides insights into the strengths and weaknesses of these models of money. An appendix on functional analysis shows the unity that underlies the mathematics used in disparate areas of rational expectations economics. This book on dynamic equilibrium macroeconomics is suitable for graduate-level courses; a companion book, Exercises in Dynamic Macroeconomic Theory, provides answers to the exercises and is also available from Harvard University Press.
A Pluralistic Introduction To Macroeconomics
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Author : Hendrik Van den Berg
language : en
Publisher: Edward Elgar Publishing
Release Date : 2024-03-14
A Pluralistic Introduction To Macroeconomics written by Hendrik Van den Berg and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-14 with Business & Economics categories.
This introductory textbook provides a broad introduction to the field of macroeconomics and the alternative approaches to modeling an economic system. It ultimately demonstrates that economic modeling is always a matter of choice and compromise, and no one school of thought can accurately capture the full essence of a real evolving economic system under all circumstances, in all places, and at all times in history.
Macroeconomics
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Author : Wendy Carlin
language : en
Publisher: Oxford University Press
Release Date : 2024
Macroeconomics written by Wendy Carlin and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024 with Business & Economics categories.
At the cutting edge of the subject area, the authors bring the macroeconomics that researchers and policymakers use today into focus. By developing a coherent set of tractable models, the book enables students to explore and make sense of the pressing questions facing global economies. Carlin and Soskice connect students with contemporary research and policy in macroeconomics. The authors' 3-equation model--extended to include the financial system and with an integrated treatment of inequality--equips students with a method they can apply to the enduring challenges stirred by the financial crisis and the Great Recession. Digital formats and resources This title is available for students and institutions to purchase in a variety of formats and is supported by online resources. The e-Book offers a mobile experience and convenient access along with self-assessment activities, multimedia content, and links that offer extra learning support. For more information visit: www.oxfordtextbooks.co.uk/ebooks/ This title is supported by a range of online resource for students including multiple-choice-questions with instant feedback, interactive Animated Analytical Diagrams, access to The Macroeconomic Simulator, web appendices which develop chapters 1, 4, 7, and 18, In addition, lecturers can access PowerPoint slides to accompany each chapter and answers to the problems and questions set in the book.
Foundations Of Complex System Theories
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Author : Sunny Y. Auyang
language : en
Publisher: Cambridge University Press
Release Date : 1998
Foundations Of Complex System Theories written by Sunny Y. Auyang and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
Analyzes approaches to the study of complexity in the physical, biological, and social sciences.
Routledge Handbook Of Macroeconomic Methodology
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Author : Jesper Jespersen
language : en
Publisher: Taylor & Francis
Release Date : 2023-06-20
Routledge Handbook Of Macroeconomic Methodology written by Jesper Jespersen and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-20 with Business & Economics categories.
The present macroeconomic crisis has demonstrated that a deeper understanding of the importance of relevant macroeconomic theories and methods is wanting. Additionally, lack of methodological awareness is behind much of the disagreement within macroeconomics which, looked upon from outside, often appears incomprehensible. The Handbook gives a structured presentation of the study of principles and procedures by which macroeconomics is researched, taught and communicated both within academia and to a wider audience, and why specific theories, research strategies and teaching are preferred. The principles of selecting theory relevant to real-world problems are the core of methodology. This book contains a broad range of arguments behind theory construction and appraisal and the consequences of these choices within the field of macroeconomics. An international range of experts provide clear analysis of key concepts, ideas and principles to give academics, students and others a better understanding of the macroeconomics behind policy conclusions which are put forward at different levels.
Methodological Foundations Of Macroeconomics
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Author : Alessandro Vercelli
language : en
Publisher: Cambridge University Press
Release Date : 1991-09-26
Methodological Foundations Of Macroeconomics written by Alessandro Vercelli and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-09-26 with Biography & Autobiography categories.
This book is an investigation of the methodological and epistemological foundations of macroeconomic theory, based on an examination of the theories of Keynes and Lucas. It is divided into two parts. In the first Professor Vercelli discusses the methodological issues which lie behind the conflict among different schools of thought in macroeconomics (equilibrium and disequilibrium, risk and uncertainty, rationality and causality). These issues are central to the current debate not only in many branches of economics, but also in other scientific disciplines. The traditional point of view of science based on equilibrium, stability and determinism has been increasingly challenged by a new point of view in which disequilibrium, instability and uncertainty play a crucial role. This, the author argues, is bound to put macroeconomics in a new, more promising position. In the second part of the book the author compares the two main alternative research programmes in macroeconomics: that outlined by Keynes in his 'General Theory', and that suggested by Lucas, the leader of the new classical economists.