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Inflation, Institutions and Information : Essays in Honour of Axel Leijonhufvud - Daniel Vaz

Inflation, Institutions and Information

Essays in Honour of Axel Leijonhufvud

By: Daniel Vaz (Editor), Kumaraswamy Velupillai (Editor)

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  • Paperback View Product Published: 1st January 1996

Macroeconomics has undergone profound changes since the Keynesian consensus broke down in the mid-1960s. Axel Leijonhuvfvud belonged to that core group of distinguished macroeconomists who wrought the changes that brought back the classical questions to the subject: microfoundations, money, markets, institutions, information and transition dynamics. He fashioned a whole series of conceptual innovations that have become part of the folklore of monetary macroeconomics. This collection of essays by distinguished colleagues and former students pay homage to Leijonhuvfvud. Issues that have featured at the centre of his research for over 30 years are discussed by the contributors. History of thought, philosophy of science and transition dynamics, in addition to the more central issues of money, inflation, monetary regimes, information, institutions, microfoundations, increasing returns and stabilizing speculation are some of the central topic discussed, empirically and theoretically, in these essays. Kumaraswamy Vellupillai is the author of "Business Cycles", "Nonlinear and Multisectoral Macrodynamics" and "Nonleantities, Disequilibria and Simulation".

List of Tables
List of Figures
Notes on the Contributors
Introductionp. 1
Opening Speechp. 10
Co-ordinating the Not-Too-Rational: Leijonhufvud's Macroeconomic Methodologiesp. 12
Nafplion Revisitedp. 24
On Truth in Teaching Macroeconomicsp. 35
Cash in Advance, Microfoundations in Retreatp. 62
Viconomics: An Evolutionary Science of Mind and Societyp. 91
From the History of Astronomy to the Wealth of Nations: Wonderful Wheels and Invisible Hands in Adam Smith's Major Worksp. 131
Monetary Regimes, Inflation and Monetary Reformp. 157
Financial Innovation and the Price Level: Wicksell and the New Monetary Economicsp. 245
Evidence on Stabilising Speculation: Leijonhufvud on Keynesp. 273
From the Hayek Hypothesis to Animal Spirits: The Phase Transition Based on Competitive Experimental Marketsp. 290
Synchronising Markets, Mutual Information and the Price Level: Co-ordination in a Non-General Equilibrium Worldp. 321
Information and Co-ordination: A View from the Southp. 337
Complex Economic Systems, East of Swedenp. 357
Name Indexp. 399
Subject Indexp. 404
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780333617724
ISBN-10: 033361772X
Series: Essays in Honour of Axel Leijonhufvud
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 410
Published: 21st April 1996
Country of Publication: GB
Dimensions (cm): 21.6 x 14.0  x 2.9
Weight (kg): 0.69
Edition Number: 12