Microfoundations: The Compatibility of Microeconomics and Macroeconomics

Microfoundations: The Compatibility of Microeconomics and Macroeconomics

by E. Roy Weintraub
     
 

ISBN-10: 0521294452

ISBN-13: 9780521294454

Pub. Date: 01/28/1979

Publisher: Cambridge University Press

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

Overview

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.

Product Details

ISBN-13:
9780521294454
Publisher:
Cambridge University Press
Publication date:
01/28/1979
Series:
Cambridge Surveys of Economic Literature Series
Edition description:
New Edition
Pages:
184
Product dimensions:
5.43(w) x 8.50(h) x 0.43(d)

Table of Contents

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.

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