The Compatibility of Microeconomics and Macroeconomics
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Microfoundations by E. Roy Weintraub
Book DescriptionThis 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.
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Book DetailsISBN: 9780521294454
(216mm x 138mm x 11mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Feb-1979
Country of Publication: United Kingdom
Books By Author E. Roy Weintraub
Finding Equilibrium, Hardback (July 2014)
Explores the post-World War II transformation of economics by constructing a history of the proof of its central dogma - that a competitive market economy may possess a set of equilibrium prices.
Mathematics for Economists, Paperback (March 1983)» View all books by E. Roy Weintraub
This work's structure encourages the geometric intuition of mathematical results. The presentation of real numbers and functions emphasizes the notion of linearity, and linear algebra and matrix analysis are integrated into the presentation of the calculus of functions of several variables.
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