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Книга Microfoundations Reconsidered - The Relationship of Micro and Macroeconomics in Historical Perspective Pedro Garcia Duarte

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

Автор: Pedro Garcia Duarte
Език: Английски език
Корици: С меки корици
Издател: Edward Elgar Publishing Ltd
Наличност: Външен склад
Изпращаме след 14-20 дни
43.27 € 84.63 лв
Most macroeconomists agree that we live in the age of microfoundations. The recent worldwide financi...

Информация за книгата

Автор
Pedro Garcia Duarte
Език
Английски език
Корици
Книга - С меки корици
Издадена
2013
страници
256
EAN
9781781953303
Enbook ID
04844960
Издател
Edward Elgar Publishing Ltd
Теглоt
398
Размери
156 x 234 x 14

Пълно описание

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.

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