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| Title: | Transforming modern macroeconomics exploring disequilibrium microfoundations, 1956-2003 |
|---|---|
| From: |
Roger E. Backhouse, Mauro Boianovsky
|
| Person: |
Backhouse, Roger
1951- Verfasser aut Boianovsky, Mauro 1959-2024 |
| Main Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge
Cambridge University Press
2013
|
| Series: | Historical perspectives on modern economics
|
| Notation: | QC 300 |
| Subjects: | |
| Online Access: | https://doi.org/10.1017/CBO9781139150859 https://doi.org/10.1017/CBO9781139150859 https://ebookcentral.proquest.com/lib/fuberlin-ebooks/detail.action?docID=1042506 https://doi.org/10.1017/CBO9781139150859 https://doi.org/10.1017/CBO9781139150859 |
| Abstract: | This book tells the story of the search for disequilibrium micro-foundations for macroeconomic theory, from the disequilibrium theories of Patinkin, Clower and Leijonhufvud to recent dynamic stochastic general equilibrium models with imperfect competition. Placing this search against the background of wider developments in macroeconomics, the authors contend that this was never a single research program, but involved economists with very different aims who developed the basic ideas about quantity constraints, spillover effects and coordination failures in different ways. The authors contrast this with the equilibrium, market-clearing approach of Phelps and Lucas, arguing that equilibrium theories simply assumed away the problems that had motivated the disequilibrium literature. Although market-clearing models came to dominate macroeconomics, disequilibrium theories never went away and continue to exert an important influence on the subject. Although this book focuses on one strand in modern macroeconomics, it is crucial to understanding the origins of modern macroeconomic theory |
| Physical Description: | 1 Online-Ressource (xx, 215 Seiten) Diagramme |
| ISBN: | 9781139150859 9781139782760 |
| DOI: | 10.1017/CBO9781139150859 |
Staff View
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| author | Backhouse, Roger 1951- Boianovsky, Mauro 1959-2024 |
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| contents | 1. Introduction -- 2. Macroeconomics after Keynes -- 3. Don Patinkin and the neoclassical synthesis -- 4. Clower, Leijonhufvud and the re-appraisal of Keynesian economics -- 5. Macroeconomics with slow price adjustment -- 6. 'Equilibrium' microfoundations -- 7. General equilibrium and imperfect competition -- 8. Microeconomics and macroeconomics -- 9. After the 1970s -- 10. Conclusions |
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| language | English |
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| spelling | Backhouse, Roger 1951- Verfasser (DE-588)124687555 aut Transforming modern macroeconomics exploring disequilibrium microfoundations, 1956-2003 Roger E. Backhouse, Mauro Boianovsky Cambridge Cambridge University Press 2013 1 Online-Ressource (xx, 215 Seiten) Diagramme txt rdacontent c rdamedia cr rdacarrier Historical perspectives on modern economics This book tells the story of the search for disequilibrium micro-foundations for macroeconomic theory, from the disequilibrium theories of Patinkin, Clower and Leijonhufvud to recent dynamic stochastic general equilibrium models with imperfect competition. Placing this search against the background of wider developments in macroeconomics, the authors contend that this was never a single research program, but involved economists with very different aims who developed the basic ideas about quantity constraints, spillover effects and coordination failures in different ways. The authors contrast this with the equilibrium, market-clearing approach of Phelps and Lucas, arguing that equilibrium theories simply assumed away the problems that had motivated the disequilibrium literature. Although market-clearing models came to dominate macroeconomics, disequilibrium theories never went away and continue to exert an important influence on the subject. Although this book focuses on one strand in modern macroeconomics, it is crucial to understanding the origins of modern macroeconomic theory Geschichte Wirtschaft Macroeconomics / History Equilibrium (Economics) / History Macroeconomics History Equilibrium (Economics) History BUSINESS & ECONOMICS / Economic History bisacsh Makroökonomie (DE-588)4037174-8 gnd rswk-swf Ideengeschichte (DE-588)4138031-9 gnd rswk-swf Gleichgewicht (DE-588)4121372-5 gnd rswk-swf Mikroökonomische Fundierung (DE-588)4206633-5 gnd rswk-swf Makroökonomie (DE-588)4037174-8 s Gleichgewicht (DE-588)4121372-5 s Mikroökonomische Fundierung (DE-588)4206633-5 s Ideengeschichte (DE-588)4138031-9 s 1\p DE-604 Boianovsky, Mauro 1959-2024 Verfasser (DE-588)170287149 aut Erscheint auch als Druck-Ausgabe 978-1-107-43538-4 Erscheint auch als Druck-Ausgabe 978-1-107-02319-2 https://doi.org/10.1017/CBO9781139150859 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Backhouse, Roger 1951- Boianovsky, Mauro 1959-2024 Transforming modern macroeconomics exploring disequilibrium microfoundations, 1956-2003 1. Introduction -- 2. Macroeconomics after Keynes -- 3. Don Patinkin and the neoclassical synthesis -- 4. Clower, Leijonhufvud and the re-appraisal of Keynesian economics -- 5. Macroeconomics with slow price adjustment -- 6. 'Equilibrium' microfoundations -- 7. General equilibrium and imperfect competition -- 8. Microeconomics and macroeconomics -- 9. After the 1970s -- 10. Conclusions Geschichte Wirtschaft Macroeconomics / History Equilibrium (Economics) / History Macroeconomics History Equilibrium (Economics) History BUSINESS & ECONOMICS / Economic History bisacsh Makroökonomie (DE-588)4037174-8 gnd Ideengeschichte (DE-588)4138031-9 gnd Gleichgewicht (DE-588)4121372-5 gnd Mikroökonomische Fundierung (DE-588)4206633-5 gnd |
| subject_GND | (DE-588)4037174-8 (DE-588)4138031-9 (DE-588)4121372-5 (DE-588)4206633-5 |
| title | Transforming modern macroeconomics exploring disequilibrium microfoundations, 1956-2003 |
| title_auth | Transforming modern macroeconomics exploring disequilibrium microfoundations, 1956-2003 |
| title_exact_search | Transforming modern macroeconomics exploring disequilibrium microfoundations, 1956-2003 |
| title_full | Transforming modern macroeconomics exploring disequilibrium microfoundations, 1956-2003 Roger E. Backhouse, Mauro Boianovsky |
| title_fullStr | Transforming modern macroeconomics exploring disequilibrium microfoundations, 1956-2003 Roger E. Backhouse, Mauro Boianovsky |
| title_full_unstemmed | Transforming modern macroeconomics exploring disequilibrium microfoundations, 1956-2003 Roger E. Backhouse, Mauro Boianovsky |
| title_short | Transforming modern macroeconomics |
| title_sort | transforming modern macroeconomics exploring disequilibrium microfoundations 1956 2003 |
| title_sub | exploring disequilibrium microfoundations, 1956-2003 |
| topic | Geschichte Wirtschaft Macroeconomics / History Equilibrium (Economics) / History Macroeconomics History Equilibrium (Economics) History BUSINESS & ECONOMICS / Economic History bisacsh Makroökonomie (DE-588)4037174-8 gnd Ideengeschichte (DE-588)4138031-9 gnd Gleichgewicht (DE-588)4121372-5 gnd Mikroökonomische Fundierung (DE-588)4206633-5 gnd |
| topic_facet | Geschichte Wirtschaft Macroeconomics / History Equilibrium (Economics) / History Macroeconomics History Equilibrium (Economics) History BUSINESS & ECONOMICS / Economic History Makroökonomie Ideengeschichte Gleichgewicht Mikroökonomische Fundierung |
| url | https://doi.org/10.1017/CBO9781139150859 |
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