Beyond Microfoundations: Post Walrasian Economics
Price 98.68 - 124.33 USD
EAN/UPC/ISBN Code
9780521552370
Author
David Colander
Producer
Cambridge University Press
Pages
284
Year of production
1996
Beyond Microfoundations discusses the foundations for a post-Walrasian macroeconomics and, in doing so, carries the work of Robert Clower and Axel Leijonhufvud to the present. This book spells out both why a new approach to macro is needed, and what the essence of the approach will be. This post-Walrasian approach to macro is neither Keynesian nor Classical, both of which have Walrasian foundations, but it offers an approach to macro in which Walrasian economics is turned on its head. Specifically, it rejects the Walrasian ad hoc assumptions of the existence of a unique equilibrium and of simple dynamics.