Beyond Microfoundations PDF Download

Author: David Colander
Publisher: Cambridge University Press
ISBN: 9780521552370
Category : Business & Economics
Languages : en
Pages : 286

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Book Description
This book discusses the foundations for post-Walrasian macroeconomics.

Author: David Colander
Publisher: Cambridge University Press
ISBN: 9780521034586
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
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.

Author: Pedro Garcia Duarte
Publisher: Edward Elgar Publishing
ISBN: 1781004102
Category : Business & Economics
Languages : en
Pages : 257

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Book Description
Most macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level of individual decision-making, taking into account the general dynamic environment where agents live. Microfoundations Reconsidered seeks to reassess how the relationship of micro and macroeconomics evolved over time. 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. Microfoundations Reconsidered is a valuable addition to the macroeconomic research literature. It is ideally suited to students, scholars, researchers, and practitioners with an interest in macro and microeconomics and the history of economics.

Author: Yoshinori Shiozawa
Publisher: Springer
ISBN: 4431552677
Category : Business & Economics
Languages : en
Pages : 360

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Book Description
This book provides for the first time the microfoundations of evolutionary economics, enabling the reader to grasp a new framework for economic analysis that is compatible with evolutionary processes. Any independent approach to economics must include a value theory (or price theory) and price and quantity adjustment processes. Evolutionary economics has rightly and successfully concentrated its efforts on explaining evolutionary processes in technology and institutions. However, it does not have its own value theory and is not capable of explaining the workings of everyday economics processes, in which any evolutionary process would take place. Our point of departure is the addition of myopic agents with severely limited rational and forecasting capacities (in stark contrast to mainstream economics). We show how myopic agents, in a complex world, can produce a stable price system and demonstrate how they can adjust their production to changing demand flows. Agents behave without any knowledge of the overall process, and they generate a stable economy as large as the global network of exchanges. This is the true “miracle” of the market mechanism. In contrast to mainstream general equilibrium theory, this miracle can be explained without the need for an auctioneer or infinitely rational agents. Thanks to this book, evolutionary economics can now claim to be an independent approach to economics that can completely replace mainstream neoclassical economics.

Author: Alexandra Délano Alonso
Publisher: Routledge
ISBN: 1000454983
Category : Social Science
Languages : en
Pages : 247

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Book Description
The Microfoundations of Diaspora Politics examines the various actors within and beyond the state that participate in the design and implementation of diaspora policies, as well as the mechanisms through which diasporas are constructed by governments, political parties, diaspora entrepreneurs, or international organisations. Extant theories are often hard-pressed to capture the empirical variation and often end up identifying ‘exceptions’. The multidisciplinary group of contributors in this book theorise these ‘exceptions’ through three interrelated conceptual moves: first, by focusing on understudied aspects of the relationships between states as well as organised non-state actors and their citizens or co-ethnics abroad (or at home - in cases of return migration). Second, by examining dyads of ‘origin’ states and specific diasporic communities differentiated by time of emigration, place of residence, socio-economic status, migratory status, generation, or skills. Third, by considering migration in its multiple spatial and temporal phases (emigration, immigration, transit, return) and how they intersect to constitute diasporic identities and policies. These conceptual moves facilitate comparative research and help scholars identify the mechanisms connecting structural variables with specific policies by states (and other actors) as well as responses by the relevant diasporic communities. This book was originally published as a special issue of the Journal of Ethnic and Migration Studies.

Author: R. Koppl
Publisher: Springer
ISBN: 0230629245
Category : Business & Economics
Languages : en
Pages : 258

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Book Description
Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory of expectations that assumes people interpret their situations in unpredictable ways. Building on the evolutionary economics of F.A.Hayek, Koppl gives us such a theory. This includes a theory of 'Big Players', demonstrating that discretionary policy interventions create ignorance and uncertainty. The volume uses innovative methods to address many vital problems in economic theory, and connects with many other schools of economics including New Institutional Economics, Constitutional Economics and Post Walsarian Economics.

Author: Frédéric Volpi
Publisher:
ISBN: 9789462985131
Category : Arab Spring, 2010-
Languages : en
Pages : 0

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Book Description
Cover -- Table of Contents -- Preface -- Introduction -- Rethinking Mobilization after the Arab Uprisings -- James M. Jasper and Frédéric Volpi -- 1. The Social Life of Contentious Ideas -- Piracy and Unruly, Translocal Appropriation in the Arab Uprisings and Beyond -- John Chalcraft -- 2. Routines and Ruptures in Anti-Israeli Protests in Jordan -- Jillian Schwedler -- 3. Shaping Contention as a Salafi Movement -- The Rise and Fall of Ansar al-Sharia in Post-Revolutionary Tunisia -- Frédéric Volpi -- 4. Contingency and Agency in a Turning Point Event -- March 18, 2011, in Daraa, Syria -- Wendy Pearlman -- 5 .It Takes Two (or More) to Tango -- The Local Coproduction of the Alexandrian Revolutionary Moment -- Youssef El Chazli -- 6. Violence, Social Actors, and Subjectivation in the Egyptian Revolution -- Farhad Khosrokhavar -- Conclusion -- Unruly Protest -- Charles Kurzman -- Index

Author: Patrick Haack
Publisher: Emerald Group Publishing
ISBN: 178769125X
Category : Self-Help
Languages : en
Pages : 240

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Book Description
The notion of microfoundations has received growing interest in neo-institutional theory along with an increasing interest in microfoundational research in disciplines such as strategic management and organizational economics.

Author: Leigh Tesfatsion
Publisher: Elsevier
ISBN: 0080459870
Category : Business & Economics
Languages : en
Pages : 905

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Book Description
The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. Empirical referents for "agents" in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues.*Every volume contains contributions from leading researchers*Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys

Author: Daniel Tzabbar
Publisher: Emerald Group Publishing
ISBN: 1789735513
Category : Business & Economics
Languages : en
Pages : 325

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Book Description
This volume identifies new theoretical and empirical directions to the study of employee mobility, covering broad sets of theoretical frameworks—which are embedded in strategic, organizational, sociological or entrepreneurial theories—and of empirical approaches—which cover industry, firm, team and individual levels of analysis.