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The Compatibility of Microeconomics and Macroeconomics

$41.00 USD

Part of Cambridge Surveys of Economic Literature

  • Date Published: May 2012
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9781139239523

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About the Authors
  • 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.

    Reviews & endorsements

    '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

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    Product details

    • Date Published: May 2012
    • format: Adobe eBook Reader
    • isbn: 9781139239523
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    Part I: Introduction
    1. Points of entry
    2. Development of the neo-Walrasian program 1930–60
    3. The 4,87th reexamination of Keynes' system
    4. The neo-Walrasian synthesis
    5. General systemic coordination
    Part II: Introduction
    6. Walrasian equilibrium models
    7. Walrasian disequilibrium theory
    8. Edgeworthian equilibrium
    9. Edgeworth disequilibrium analysis
    Part III:
    10. A brief conclusion
    Index of names
    Subject index.

  • Author

    E. Roy Weintraub

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