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Description - Beyond Microfoundations by David Colander

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.

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Book Details

ISBN: 9780521552370
ISBN-10: 0521552370
Format: Hardback
(228mm x 152mm x 19mm)
Pages: 284
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 26-Jan-1996
Country of Publication: United Kingdom

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