Download or read book Microeconomic Foundation h written by Nic Harcourt and published by Routledge. This book was released on 2019-03-13 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Microeconomic Foundation h written by International Economic Association and published by Westview Press. This book was released on 1977 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Microeconomic Foundations of Macroeconomics written by International Economic Association and published by . This book was released on 1977 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Microeconomic Foundations of Macroeconomics written by Asociación Internacional de Economía. Congreso ( and published by . This book was released on 1977 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on the Microeconomic Foundations of Macroeconomics written by Ho-mou Wu and published by . This book was released on 1982 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Microfoundations written by E. Roy Weintraub and published by Cambridge University Press. This book was released on 1979-02-28 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first full-length survey of current work which examines the compatibility of microeconomics and macroeconomics.
Download or read book The Microfoundations Delusion written by John Edward King and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Microeconomic Foundations of Macroeconomics written by Geoffrey Colin Harcourt and published by . This book was released on 1979 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Search equilibrium Approach to the Micro Foundations of Macroeconomics written by Peter A. Diamond and published by MIT Press. This book was released on 1984 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter A. Diamond discusses search equilibrium as a framework for integrating micro and macroeconomics.
Download or read book Microeconomic Foundations of Keynesian Macroeconomics written by Takashi Negishi and published by Amsterdam ; New York : North-Holland Publishing Company ; New York : distributors for the U.S.A. and Canada, Elsevier North-Holland. This book was released on 1979 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Microeconomic Foundations of Macroeconomics written by and published by . This book was released on 1977 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Microeconomic Foundations of Macroeconomic Theory written by David Andolfatto and published by . This book was released on 2004 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Microeconomic Foundations of Macroeconomics written by Peter Thomas Docherty and published by . This book was released on 1988 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Analysis written by Dirk Niepelt and published by MIT Press. This book was released on 2019-12-31 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: A concise but rigorous and thorough introduction to modern macroeconomic theory. This book offers an introduction to modern macroeconomic theory. It is concise but rigorous and broad, covering all major areas in mainstream macroeconomics today and showing how macroeconomic models build on and relate to each other. The self-contained text begins with models of individual decision makers, proceeds to models of general equilibrium without and with friction, and, finally, presents positive and normative theories of economic policy. After a review of the microeconomic foundations of macroeconomics, the book analyzes the household optimization problem, the representative household model, and the overlapping generations model. It examines risk and the implications for household choices and macroeconomic outcomes; equilibrium asset returns, prices, and bubbles; labor supply, growth, and business cycles; and open economy issues. It introduces frictions and analyzes their consequences in the labor market, financial markets, and for investment; studies money as a unit of account, store of value, and medium of exchange; and analyzes price setting in general equilibrium. Turning to government and economic policy, the book covers taxation, debt, social security, and monetary policy; optimal fiscal and monetary policies; and sequential policy choice, with applications in capital income taxation, sovereign debt and default, politically motivated redistribution, and monetary policy biases. Macroeconomic Analysis can be used by first-year graduate students in economics and students in master's programs, and as a supplemental text for advanced courses.
Download or read book Principles of Microeconomics 2e written by Steven A. Greenlaw and published by . This book was released on 2017-09-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomics from the Bottom up written by Domenico Delli Gatti and published by Springer Science & Business Media. This book was released on 2011-04-18 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Microeconomic Foundations of Macroeconomics written by G L. Harcourt and published by . This book was released on 1975 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
