First published in 1987, this text offers an evolutionary approach to macroeconomics as an alternative to contemporary new classical and Keynesian macroeconomics. In order to develop such an approach, an alternative view of the micro-foundations of macroeconomics is presented. Series: Routledge Revivals. Num Pages: 326 pages. BIC Classification: KCB. Category: (UP) Postgraduate, Research & Scholarly. Dimension: 223 x 139 x 23. Weight in Grams: 514. . 2011. 1st Edition. hardcover. . . . . Books ship from the US and Ireland.

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Bibliographic Details

Title: Evolutionary Macroeconomics (Routledge Revivals)
Publisher: Routledge
Publication Date: 2011
Language: English
ISBN 10: 0415679249
ISBN 13: 9780415679244
Binding: Hardcover
Condition: New

About this title

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First published in 1987, Evolutionary Macroeconomics offers an evolutionary approach to macroeconomics as an alternative to contemporary new classical and Keynesian macroeconomics. In order to develop such an approach, an alternative view of the micro-foundations of macroeconomics is presented.

The book begins with a commentary on the state of macroeconomics and an evaluation of attempts to redevelop its underlying vision of economic behaviour. Particular attention is paid to the treatment of expectations and anticipations. The second part of the book presents a behavioural framework which is compatible with an evolutionary perspective on economic behaviour. The third part of the book discusses the implications of adopting an evolutionary approach to macroeconomic theory, empirical methods and policy design, culminating in a specific policy proposal to cure stagflation.

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John Foster

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