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Microfoundations Reconsidered: The Relationship of Micro and Macroeconomics in Historical Perspective - Hardcover

 
9781781004098: Microfoundations Reconsidered: The Relationship of Micro and Macroeconomics in Historical Perspective
Hardcover
ISBN 10: 1781004099 ISBN 13: 9781781004098
Verlag: Edward Elgar Publishing Ltd, 2012

Inhaltsangabe

Most macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level of individual decision-making, taking into account the general dynamic environment where agents live. Microfoundations Reconsidered seeks to reassess how the relationship of micro and macroeconomics evolved over time.

The highly regarded contributors to the book argue that the standard narrative of microfoundations is likely to be unreliable. They therefore re-examine the history of the relationship of microeconomics and macroeconomics, starting from their emergence as self-consciously distinct fields within economics in the early 1930s. They seek to go beyond the conventional history that is often told and written by practicing economists. From different perspectives they challenge the association of microfoundations with Robert Lucas and rational expectations and offer both a more complete and a deeper reading of the relationship between micro and macroeconomics.

Microfoundations Reconsidered is a valuable addition to the macroeconomic research literature. It is ideally suited to students, scholars, researchers, and practitioners with an interest in macro and microeconomics and the history of economics.

Contributors: M. De Vroey, P. Garcia Duarte, D.W. Hands, K.D. Hoover, R. Leonard, G.T. Lima, P.E. Mirowski

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Über die Autorin bzw. den Autor

Edited by Pedro Garcia Duarte and Gilberto Tadeu Lima, Professors, Department of Economics, University of São Paulo, Brazil

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Verlag
Edward Elgar Publishing Ltd
Erscheinungsdatum
2012
Sprache
Englisch
ISBN 10 
1781004099
ISBN 13 
9781781004098
Einband
Gebundene Ausgabe
Anzahl der Seiten
246
Herausgeber
Duarte Pedro Garcia, Lima Gilberto Tadeu
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Nicht verfügbar