Post Walrasian Macroeconomics, Beyond the Dynamic Stochastic General Equilibrium Model

David Colander (editor)

ISBN 10: 052168420X / ISBN 13: 9780521684200

Published by Cambridge University Press, 2006

About this Item

First Printing. Large wraps. Very Good to Near Fine condition.

Seller Inventory # E9155

Bibliographic Details

• Title: Post Walrasian Macroeconomics, Beyond the Dynamic Stochastic General Equilibrium Model
• Publisher: Cambridge University Press
• Publication Date: 2006
• Language: English
• ISBN 10: 052168420X
• ISBN 13: 9780521684200
• Binding: Soft cover
• Edition: 1st Edition
• Seller catalogs:
  • Economics

About this title

Synopsis

Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity theory, automated general to specific econometric modeling, agent-based models, and non-linear and statistical dynamical models. This book thus provides the reader with an introduction to what might be called a Post Walrasian research program that is developing as the antithesis of the Walrasian DSGE synthesis.

About the Author

David Colander has been the Christian A. Johnson Distinguished Professor of Economics at Middlebury College, Middlebury, Vermont since 1982. He previously taught at Columbia University, Vassar College, and the University of Miami. Professor Colander has authored, co-authored, or edited more than 35 books and 100 articles on a wide range of topics. His books have been, or are being, translated into a number of different languages, including Chinese, Bulgarian, Polish, Italian, and Spanish. He is a former President of both the Eastern Economic Association and History of Economics Society and is, or has been, on the editorial boards of the Journal of the History of Economic Thought, Journal of Economic Methodology, Eastern Economic Journal, Journal of Economic Education, The Journal of Socioeconomics, and Journal of Economic Perspectives. He has also been a consultant to Time-Life Films, the U.S. Congress, a Brookings Policy Fellow, and a Visiting Scholar at Nuffield College, Oxford. In 2001–2002 he was the Kelly Professor of Distinguished Teaching at Princeton University.