Microfoundations : the compatibility of microeconomics and macroeconomics

This is the first full-length survey of current work which examines the compatibility of microeconomics and macroeconomics. Its particular distinction is that it makes accessible, to non-specialists, those extensive modern refinements of general equilibrium theory which are linked to macroeconomics and monetary theory. Part I traces the development and interlocking nature of two scientific research prgrams, macroeconomics and neo-Walrasian analysis. The five chapters in this part examine general equilibrium theory, Keynes' contribution, the 'neoclassical synthesis', and the Clower-Leijonhufvud contributions to questions of systemic coordination. The four chapters of Part II place recent work on the micro-foundations of macroeconomics within a taxonomic scheme of Walrasian equilibrium, Walrasian disequilibrium, Edgeworthian equilibrium, and Edgeworthian disequilibrium. Part III, a single chapter, provides an overview of the subject and ventures some conclusions.

Preface

Part I Introduction

1 Points of entry

2 Development of the neo-Walrasian program 1930-60

3 The 4,87th reexamination of Keynes' system

4 The neo-Walrasian synthesis

5 General systemic coordination

Part II Introduction

6 Walrasian equilibrium models

7 Walrasian disequilibrium theory

8 Edgeworthian equilibrium

9 Edgeworth disequilibrium analysis

Part III

10 A brief conclusion

Bibliography

Index of names

Subject index

Mevcut:*

Bound With These Titles

On Order

Özet

Özet

Table of Contents