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Author : David Colander
Publisher : Cambridge University Press
Page : 286 pages
File Size : 43,9 Mb
Release : 1996-01-26
Category : Business & Economics
ISBN : 0521552370
This book discusses the foundations for post-Walrasian macroeconomics.
Author : John Edward King
Publisher : Edward Elgar Publishing
Page : 301 pages
File Size : 52,8 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781009123
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.
Author : R. Salehnejad
Publisher : Springer
Page : 309 pages
File Size : 46,7 Mb
Release : 2006-11-28
Category : Business & Economics
ISBN : 9780230625150
This book challenges the generally accepted theories of classical economics, explaining why the expected utility theory, even if it were true, fails to be of much help in solving economic controversies.
Author : Pedro Garcia Duarte,Gilberto Tadeu Lima
Publisher : Edward Elgar Publishing
Page : 257 pages
File Size : 40,6 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781004104
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.
Author : Mark Setterfield
Publisher : Routledge
Page : 294 pages
File Size : 52,7 Mb
Release : 2019-07-23
Category : Business & Economics
ISBN : 9781317467724
In this interactive collection of essays, many of the leading proponents of analytical political economy examine major macroeconomic issues through the integration of mathematical analysis and non-neoclassical economic theory. The topics covered include the macroeconomics of the labor market, open economy issues, economic growth, and macroeconomic policy. The chapter-comment-reply format of the book creates a genuine dialogue on each theme, and evokes a sense of unfolding debate which draws the reader into the discussion.
Author : Dario Togati
Publisher : Routledge
Page : 408 pages
File Size : 48,9 Mb
Release : 1998-08-20
Category : Business & Economics
ISBN : 9781134670291
This book is a critical assessment of the Neoclassical Synthesis, long regarded as the standard interpretation of Keynes. It offers a fresh interpretation of Keynes and makes an important contribution to post-Keynesian economics
Author : Patrick Haack,Jost Sieweke,Lauri Wessel
Publisher : Emerald Group Publishing
Page : 472 pages
File Size : 42,6 Mb
Release : 2019-11-25
Category : Social Science
ISBN : 9781787691278
The notion of microfoundations has received growing interest in neo-institutional theory along with an interest in microfoundational research in disciplines such as strategic management and economics.
Author : Sergio Nisticò,Domenico Tosato
Publisher : SUNY Press
Page : 417 pages
File Size : 50,8 Mb
Release : 2002-09-26
Category : Business & Economics
ISBN : 9780203471593
Author : R. Koppl
Publisher : Springer
Page : 248 pages
File Size : 45,7 Mb
Release : 2002-06-19
Category : Business & Economics
ISBN : 9780230629240
Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory of expectations that assumes people interpret their situations in unpredictable ways. Building on the evolutionary economics of F.A.Hayek, Koppl gives us such a theory. This includes a theory of 'Big Players', demonstrating that discretionary policy interventions create ignorance and uncertainty. The volume uses innovative methods to address many vital problems in economic theory, and connects with many other schools of economics including New Institutional Economics, Constitutional Economics and Post Walsarian Economics.
Author : Brian Snowdon,Howard R. Vane
Publisher : Edward Elgar Publishing
Page : 825 pages
File Size : 45,6 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 9781845424671
Snowdon and Vane s book is extremely welcome. Indeed the authors examine, compare, and evaluate the evolution of the major rival stories comprising contemporary macroeconomic thought, but they also trace the development and interaction of key events and ideas as they occurred in the last century. Interviews with leading economists, one or two at the end of each chapter, also greatly help to shed light on this complexity. . . In sum, this is book which is very difficult to put down. Alessio Moneta, Journal of the History of Economic Thought It is not difficult to understand why this volume commands high praise from macroeconomic theorists, practitioners and teachers. It contains many interesting features that make it an excellent companion for both students and teachers of tertiary level macroeconomics. . . The authors present the material in a way that conveys to readers that macroeconomics is a living science , continually developing and still open to debate, controversy and competing policy prescriptions. In this respect it is a book that ought to be required reading for all teachers of the subject. It is also a valuable source of background reading for professional economists involved with economic policy making. Economic Outlook and Business Review . . . a wonderful history of macroeconomic thought from Keynes to the present, with an outstanding bibliography. It should be useful to undergraduates and graduate students as well as professional economists. Highly recommended. Steven Pressman, Choice Brian Snowdon and Howard Vane are well-known for their astute understanding of the main macroeconomic schools of thought and their skilled use of interviews with major figures. Here, they deploy a depth of scholarship in explaining the different schools and their key points of departure from one another. This book will be particularly useful to students looking for a clear, non-technical explanation of the main approaches to macroeconomics. Patrick Minford, Cardiff University, UK There are two steps to learning macroeconomics. First, to see it as it is today. Second, to understand how it got there: to understand the right and the wrong turns, the hypotheses that proved false, the insights that proved true, and the interaction of events and ideas. Only then, does one truly understand macroeconomics. This book is about step two. It does a marvellous job of it. The presentation is transparent, the interviews fascinating. You will enjoy, and you will learn. Olivier Blanchard, Massachusetts Institute of Technology, US In 40 years of teaching macroeconomics, there has been just one textbook that I have assigned year after year after year, namely, A Modern Guide to Macroeconomics by Snowdon, Vane and Wynarczyk. That altogether admirable book made clear to students what were, and are, the main intellectual issues in macroeconomics and did so with just enough formal modeling to avoid distortion by over-simplification. That book is now ten years old and the debate in macro has moved on. So there is good reason to welcome Snowdon and Vane back with this superb updated version. Axel Leijonhufvud, University of Trento, Italy This outstanding book avoids the narrow scope of most textbooks and provides an excellent guide to an unusually broad range of ideas. Thomas Mayer, University of California, Davis, US More than a decade after the publication of the critically acclaimed A Modern Guide to Macroeconomics, Brian Snowdon and Howard Vane have produced a worthy successor in the form of Modern Macroeconomics. Thoroughly extended, revised and updated, it will become the indispensable text for students and teachers of macroeconomics in the new millennium. The authors skilfully trace the origins, development and current state of modern macroeconomics from an historical perspective. They do so by thoroughly appraising the central tenets underlying the main competing schools of macroeconomic thought as well as their diverse policy imp
Author : David Colander
Publisher : Cambridge University Press
Page : 33 pages
File Size : 41,5 Mb
Release : 2006-07-17
Category : Business & Economics
ISBN : 9781139459051
Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity theory, automated general to specific econometric modeling, agent-based models, and non-linear and statistical dynamical models. This book thus provides the reader with an introduction to what might be called a Post Walrasian research program that is developing as the antithesis of the Walrasian DSGE synthesis.
Author : Daniel Tzabbar,Bruno Cirillo
Publisher : Emerald Group Publishing
Page : 320 pages
File Size : 48,6 Mb
Release : 2020-07-15
Category : Business & Economics
ISBN : 9781789735512
This volume identifies new theoretical and empirical directions to the study of employee mobility, covering broad sets of theoretical frameworks—which are embedded in strategic, organizational, sociological or entrepreneurial theories—and of empirical approaches—which cover industry, firm, team and individual levels of analysis.
Author : J. Barkley Rosser
Publisher : Springer Science & Business Media
Page : 313 pages
File Size : 51,8 Mb
Release : 2013-03-14
Category : Business & Economics
ISBN : 9789401716130
From Catastrophe to Chaos: A General Theory of Economic Discontinuities presents and unusual perspective on economics and economic analysis. Current economic theory largely depends upon assuming that the world is fundamentally continuous. However, an increasing amount of economic research has been done using approaches that allow for discontinuities such as catastrophe theory, chaos theory, synergetics, and fractal geometry. The spread of such approaches across a variety of disciplines of thought has constituted a virtual intellectual revolution in recent years. This book reviews the applications of these approaches in various subdisciplines of economics and draws upon past economic thinkers to develop an integrated view of economics as a whole from the perspective of inherent discontinuity.
Author : Frédéric Volpi,James M. Jasper
Publisher : Unknown
Page : 0 pages
File Size : 43,7 Mb
Release : 2018
Category : Arab Spring, 2010-
ISBN : 9462985138
Cover -- Table of Contents -- Preface -- Introduction -- Rethinking Mobilization after the Arab Uprisings -- James M. Jasper and Frédéric Volpi -- 1. The Social Life of Contentious Ideas -- Piracy and Unruly, Translocal Appropriation in the Arab Uprisings and Beyond -- John Chalcraft -- 2. Routines and Ruptures in Anti-Israeli Protests in Jordan -- Jillian Schwedler -- 3. Shaping Contention as a Salafi Movement -- The Rise and Fall of Ansar al-Sharia in Post-Revolutionary Tunisia -- Frédéric Volpi -- 4. Contingency and Agency in a Turning Point Event -- March 18, 2011, in Daraa, Syria -- Wendy Pearlman -- 5 .It Takes Two (or More) to Tango -- The Local Coproduction of the Alexandrian Revolutionary Moment -- Youssef El Chazli -- 6. Violence, Social Actors, and Subjectivation in the Egyptian Revolution -- Farhad Khosrokhavar -- Conclusion -- Unruly Protest -- Charles Kurzman -- Index
Author : David C. Colander,Huei-chun Su
Publisher : Edward Elgar Publishing
Page : 128 pages
File Size : 40,8 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 9781786435903
David Colander has been writing about economic methodology for over 30 years, but he goes out of his way to emphasize that he does not see himself as a methodologist. His pragmatic methodology is applicable to what economists are doing and attempts to answer questions that all economists face as they go about their work. The articles collected in this volume are divided, with the first part providing a framework underlying Colander’s methodology and introducing Colander’s methodology for economic policy within that framework. Part two presents Colander’s view on the methodology for microeconomics, while part three looks at Colander’s methodology for macroeconomics. The book closes with discussions of broader issues.