The Microeconomic Foundations Of Macroeconomics
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Microeconomic Foundation H
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Author : Nic Harcourt
language : en
Publisher: Routledge
Release Date : 2019-03-13
Microeconomic Foundation H written by Nic Harcourt and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-13 with Political Science categories.
This discourse on the conference proceedings unveils Sir John Hicks's efforts to discuss capital/income family of concepts with their principal characteristics of inter-temporality. Papers on capital, profits, the concept of invariant capital stock and Kaleckian theory of investment are discussed.
Microeconomic Foundation H
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Author : International Economic Association
language : en
Publisher: Westview Press
Release Date : 1977
Microeconomic Foundation H written by International Economic Association and has been published by Westview Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Business & Economics categories.
The Microeconomic Foundations Of Macroeconomics
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Author : International Economic Association
language : en
Publisher:
Release Date : 1977
The Microeconomic Foundations Of Macroeconomics written by International Economic Association and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Economics categories.
The Microeconomic Foundations Of Macroeconomics
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Author : Asociación Internacional de Economía. Congreso (
language : en
Publisher:
Release Date : 1977
The Microeconomic Foundations Of Macroeconomics written by Asociación Internacional de Economía. Congreso ( and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with categories.
The Microeconomic Foundations Of Macroeconomics
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Author : Geoffrey Colin Harcourt
language : en
Publisher:
Release Date : 1979
The Microeconomic Foundations Of Macroeconomics written by Geoffrey Colin Harcourt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with categories.
The Microeconomic Foundations Of Macroeconomics
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Author :
language : en
Publisher:
Release Date : 1977
The Microeconomic Foundations Of Macroeconomics written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with categories.
Microeconomic Foundations Of Keynesian Macroeconomics
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Author : Takashi Negishi
language : en
Publisher: Amsterdam ; New York : North-Holland Publishing Company ; New York : distributors for the U.S.A. and Canada, Elsevier North-Holland
Release Date : 1979
Microeconomic Foundations Of Keynesian Macroeconomics written by Takashi Negishi and has been published by Amsterdam ; New York : North-Holland Publishing Company ; New York : distributors for the U.S.A. and Canada, Elsevier North-Holland this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Business & Economics categories.
Textbook offering a new non-walrasian economic theory which explains keynesian macroeconomic equilibrium with involuntary unemployment - analyses the difference between keynesian and walrasian economics and critically reviews recent neo-classical theories which regard unemployment as a temporary phenomenon, explains the application of keynesian macroeconomics to inflation, investment and trade, and price and wages rigidity and the existence of involuntary unemployment. Graphs and references.
The Microfoundations Delusion
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Author : John Edward King
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-01-01
The Microfoundations Delusion written by John Edward King 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 2012-01-01 with Business & Economics categories.
ïThis excellent book documents the creation of what has become the first commandment of orthodox macroeconomics: that microeconomic theory provides its foundation because this is the most secure form of economic knowledge. By contrast, John King shows conclusively that microeconomics cannot play such a role when assessed by the criteria of logic, or of science, or of economics itself. Indeed, he goes further and demonstrates that the microfoundations dogma detracts from knowledge about how economies actually operate, and instead generates patently false conclusions. Moreover, the dogma is shown to have blinded orthodox economists from even seeing the possibility of typical macroeconomic crises, and has disarmed them in formulating policies that would eliminate actual crises. The book therefore deals with a topic at the very heart of the present debacle in the world economy.Í _ Michael Howard, University of Waterloo, Canada ïA generation ago Dudley Dillard wrote a famous article on the ñbarter illusion in classical and neoclassical economicsî. Now John King has gone a step further and written about the microfoundations delusion. The illusion has been with us for a very long time, the delusion is of more recent vintage. Together they have blocked a basic understanding of macroeconomic and monetary phenomena at a time when they are most urgently needed. This is a book that had to be written, and we are fortunate that it is John King who has written it. Essential reading for our times.Í _ John Smithin, York University, Canada In this challenging book, John King makes a sustained and comprehensive attack on the dogma that macroeconomic theory must have ïrigorous microfoundationsÍ. He draws on both the philosophy of science and the history of economic thought to demonstrate the dangers of foundational metaphors and the defects of micro-reduction as a methodological principle. Strong criticism of the microfoundations dogma is documented in great detail, from some mainstream and many heterodox economists and also from economic methodologists, social theorists and evolutionary biologists. The author argues for the relative autonomy of macroeconomics as a distinct ïspecial scienceÍ, cooperating with but most definitely not reducible to microeconomics. The Microfoundations Delusion will prove a stimulating and thought-provoking read for scholars, students and researchers in the fields of economics, heterodox economics and history of economic thought.
Macroeconomics From The Bottom Up
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Author : Domenico Delli Gatti
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-04-18
Macroeconomics From The Bottom Up written by Domenico Delli Gatti and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-18 with Business & Economics categories.
This book arose from our conviction that the NNS-DSGE approach to the analysis of aggregate market outcomes is fundamentally flawed. The practice of overcoming the SMD result by recurring to a fictitious RA leads to insurmountable methodological problems and lies at the root of DSGE models’ failure to satisfactorily explain real world features, like exchange rate and banking crises, bubbles and herding in financial markets, swings in the sentiment of consumers and entrepreneurs, asymmetries and persistence in aggregate variables, and so on. At odds with this view, our critique rests on the premise that any modern macroeconomy should be modeled instead as a complex system of heterogeneous interacting individuals, acting adaptively and autonomously according to simple and empirically validated rules of thumb. We call our proposed approach Bottom-up Adaptive Macroeconomics (BAM). The reason why we claim that the contents of this book can be inscribed in the realm of macroeconomics is threefold: i) We are looking for a framework that helps us to think coherently about the interrelationships among two or more markets. In what follows, in particular, three markets will be considered: the markets for goods, labor and loanable funds. In this respect, real time matters: what happens in one market depends on what has happened, on what is happening, or on what will happen in other markets. This implies that intertemporal coordination issues cannot be ignored. ii) Eventually, it’s all about prices and quantities. However, we are mostly interested in aggregate prices and quantities, that is indexes built from the dispersed outcomes of the decentralized transactions of a large population of heterogeneous individuals. Each individual acts purposefully, but she knows anything about the levels of prices and quantities which clear markets in the aggregate. iii) In the hope of being allowed to purport scientific claims, BAM relies on the assumption that individual purposeful behaviours aggregates into regularities. Macro behaviour, however, can depart radically from what the individual units are trying to accomplish. It is in this sense that aggregate outcomes emerge from individual actions and interactions.
Microfoundations And Macroeconomics
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Author : Steven Horwitz
language : en
Publisher: Routledge
Release Date : 2000-09-28
Microfoundations And Macroeconomics written by Steven Horwitz and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-09-28 with Business & Economics categories.
In the past, Austrian economics has been seen as almost exclusively focused on microeconomics. Here,Steven Horwitz constructs a systematic presentation of what Austrian macroeconomics would look like. This original and highly accessible work will be of great value and interest to professional economists and students.