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Microfoundations : The Compatibility of Microeconomics and Macroeconomics - E. Roy Weintraub


The Compatibility of Microeconomics and Macroeconomics

Paperback Published: 16th July 1979
ISBN: 9780521294454
Number Of Pages: 184

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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."

Industry Reviews

'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

Points of entry
Development of the neo-Walrasian program 1930-60
The 4,87th reexamination of Keynes' system
The neo-Walrasian synthesis
General systemic coordination
Walrasian equilibrium models
Walrasian disequilibrium theory
Edgeworthian equilibrium
Edgeworth disequilibrium analysis
A brief conclusion
Index of names
Subject index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521294454
ISBN-10: 0521294452
Series: Cambridge Edition of the Letters and Works of D.H. Lawrence
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 184
Published: 16th July 1979
Country of Publication: GB
Dimensions (cm): 21.59 x 14.12  x 1.19
Weight (kg): 0.24

Earn 105 Qantas Points
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