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Title Microfoundations reconsidered : the relationship of micro and macroeconomics in historical perspective / edited by Pedro Garcia Duarte, Gilberto Tadeu Lima.

Published Cheltenham, U.K. : Edward Elgar, 2012.


Location Call No. Status
Physical description x, 246 p. : ill.
Bibliography Includes bibliographical references and index.
Contents 1. Microfoundational programs / Kevin D. Hoover -- 2. From foundational critique to fictitious players : the curious odyssey of Oskar Morgenstern / Robert Leonard -- 3. The rise and fall of Walrasian microeconomics : the Keynesian Effect / D. Wade Hands -- 4. The Cowles Commission as an Anti-Keynesian stronghold 1943-54 / Philip E. Mirowski -- 5. Microfoundations : a decisive dividing line between Keynesian and new classical macroeconomics? / Michel De Vroey -- 6. Not going away? : microfoundations in the making of a new consensus in macroeconomics / Pedro Garcia Duarte.
Summary The highly regarded contributors to the book argue that the standard narrative of microfoundations is likely to be unreliable. They therefore re-examine the history of the relationship of microeconomics and macroeconomics, starting from their emergence as self-consciously distinct fields within economics in the early 1930s. They seek to go beyond the conventional history that is often told and written by practicing economists. From different perspectives they challenge the association of microfoundations with Robert Lucas and rational expectations and offer both a more complete and a deeper reading of the relationship between micro and macroeconomics.
Other author Duarte, Pedro Garcia.
Lima, Gilberto Tadeu.
Edward Elgar Publishing.
Subject Microeconomics.
Economics -- History.
ISBN 9781781004104 (e-book)
9781781004098 (hardback)