Microfoundations

The Compatibility of Microeconomics and Macroeconomics

E Roy Weintraub author

Format:Paperback

Publisher:Cambridge University Press

Published:28th Feb '79

Currently unavailable, and unfortunately no date known when it will be back

Microfoundations cover

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.

'Weintraub is reporting and reflecting on work in progress which may in due course make an important difference to economics. I have found that this is work which students of all years find exciting and this book will, I think, be popular with them and useful.' F. H. Hahn
' … it is a brilliant and thoroughly readable survey of the history and current state of the Keynesian Debate. Unlike almost everything else that has been done along this line, this manuscript is balanced and unemotional in tone and its coverage of various 'schools' and points of view is even-handed. It is accurately described as 'a remarkable tour de force'.' Robert W, Clower

ISBN: 9780521294454

Dimensions: 216mm x 139mm x 14mm

Weight: 263g

184 pages