Shows some signs of wear, and may have some markings on the inside. Bookseller Inventory #
Synopsis: 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.
Book Description: Since the 1950s, macroeconomics has been transformed. This book is about one of the most important aspects of that transformation: the attempt, through the end of the twenty-first century and beyond, to construct macroeconomic models rigorously derived from models of individual firms and households.
Title: Transforming Modern Macroeconomics: ...
Publisher: Cambridge University Press
Publication Date: 2012
Book Condition: Good
Book Description Cambridge University Press, 2012. Condition: New. book. Seller Inventory # M110702319X
Book Description Cambridge University Press, 2012. HRD. Condition: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Seller Inventory # IQ-9781107023192
Book Description Cambridge University Press, 2012. HRD. Condition: New. New Book. Delivered from our UK warehouse in 4 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Seller Inventory # IQ-9781107023192
Book Description Cambridge University Press, 2016. Paperback. Condition: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Seller Inventory # ria9781107023192_lsuk
Book Description 2013. Hardback. Condition: NEW. 9781107023192 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. For all enquiries, please contact Herb Tandree Philosophy Books directly - customer service is our primary goal. Seller Inventory # HTANDREE0485830
Book Description Cambridge Univ Pr, 2013. Hardcover. Condition: Brand New. 240 pages. 9.10x0.70x6.10 inches. In Stock. Seller Inventory # __110702319X
Book Description Condition: New. Seller Inventory # ria9781107023192_ing
Book Description Cambridge University Press, 2018. Hardcover. Condition: New. Never used! This item is printed on demand. Seller Inventory # 110702319X
Book Description Cambridge University Press, 2012. Hardcover. Condition: Good. Ships with Tracking Number! INTERNATIONAL WORLDWIDE Shipping available. May not contain Access Codes or Supplements. May be ex-library. Shipping & Handling by region. Buy with confidence, excellent customer service!. Seller Inventory # 110702319X
Book Description Cambridge University Press, 2012. Hardcover. Condition: New. Seller Inventory # INGM9781107023192