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Macroeconomic Foundations of Macroeconomics : Routledge Frontiers of Political Economy - Alvaro Cencini

Macroeconomic Foundations of Macroeconomics

Routledge Frontiers of Political Economy

Hardcover

Published: 28th July 2005
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Contrary to common belief, macroeconomics is not merely a theory of aggregates, and cannot be constructed from individual behaviour. Both nationally and internationally, there are economic laws that are logically independent of economic agents' behaviour. These are the macroeconomic foundations of macroeconomics.


Presenting cutting-edge material, Alvaro Cencini explores these foundations, and shows that the introduction of money entails economics being interpreted conceptually not mathematically. His innovative book provides the elements for a new approach by applying the most recent results of monetary analysis to the study of national and international economics. It covers recent progress in monetary theory, provides the reader with a greater understanding of the subject, and will be essential reading for economic students as well as a valuable resource for economists.

List of Figures
List of Tables
Acknowledgements
Introduction
Macroeconomics Versus Microeconomics
Neoclassical, New Classical, and New Business Cycle Economics Walras and General Equilibrium Analysis: The triumph of microeconomics New Classical Economics: The microfoundations of econometric modelling
Keynesian, New Keynesian, and Post-Keynesian Economics Keynesian Economics: A neoclassical interpretation of Keynes's theory New and Post-Keynesian Economics: The search for new microfoundations
Identity Versus Equilibrium Equilibrium Analysis: A critical appraisal Keynes's Logical Identities
Keynes Revisited The Principle of Effective Demand Effective Demand and Keynes's' Identities
The Macroeconomic Analysis of National Economics
Money and Income As Macroeconomic Magnitudes Money and Income: A few introductory remarks is Money an Asset? Money and Credit Money and Money Income
Production and Consumption As Macroeconomic Events The Analysis of Production: Some conceptual considerations The Macroeconomic Analysis of Production The Macro Versus The Microeconomic Analysis of Consumption
Capital and Interest: Their macroeconomic origin From Capital-Time to Fixed Capital Interest and Capital
Inflation and Unemployment As Macroeconomic Disorders The Microeconomic Analysis of Inflation The Quantum Theoretical Approach to Inflation Involuntary Unemployment: Its macroeconomic origin
The Macroeconomic Analysis of International Economics
Eurocurrencies: A macroeconomic occurrence from national to international macroeconomics The Traditional Analysis of Eurocurrencies The Macroeconomic Analysis of Eurocurrencies
A Macroeconomic Cause For Exchange Rate Fluctuations Exchange Rates As Relative Prices A Macroeconomic Analysis of Exchange Rate Fluctuations
The Macroeconomic Analysis of World Monetary Discrepancies The Balance of Payments Balance of Payments Discrepancies Attempts At Explanation
External Debt Servicing: A striking example of macroeconomic disorder The Macroeconomic Concept of Nation The Problem Concerning The Payment of Net Interest On A Country's External Debt
Conclusion and Prospects
The Laws of Macroeconomics The Identity Between Macroeconomic Supply and Macroeconomic Demand The Identity Between Each Agent's Sales and Purchases The Identity Between Saving and Investment From Relative to Absolute Exchange
Positive and Normative Analysis: The national level The Building-up of the Present System of National Payments Monetarist Policies and Monetary Disorders The Reform of The System of National Payments
Positive and Normative Analysis: The international level from free exchange rate fluctuation to monetary unification What Future For The World Monetary System?
Bibliography
Author Index
Subject Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780415312653
ISBN-10: 0415312655
Series: Routledge Frontiers of Political Economy
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 380
Published: 28th July 2005
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 23.5 x 15.9  x 2.54
Weight (kg): 0.7
Edition Number: 1