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Author: Elisabetta de Antoni Publisher: ISBN: Category : Languages : en Pages :
Book Description
Leijonhufvud focuses his analysis on the coordination of economic activities. In a world tossed and torn by ever new episodes of instability, macroeconomic theory must finally admit and properly analyse the limits of collective and individual rationality. Starting from the system's coordination, Leijonhufvud underlines the crucial role of information, learning and institutions. Coming to individual choice, he unremittingly rejects unbounded rationality. Methodologically, however, his use of general equilibrium as a benchmark seems to have conditioned his analysis. In bringing to light the 'dark forces of time and ignorance', Leijonhufvud himself seems to have fallen under the influence of the siren represented by general equilibrium theory.
Author: Elisabetta de Antoni Publisher: ISBN: Category : Languages : en Pages :
Book Description
Leijonhufvud focuses his analysis on the coordination of economic activities. In a world tossed and torn by ever new episodes of instability, macroeconomic theory must finally admit and properly analyse the limits of collective and individual rationality. Starting from the system's coordination, Leijonhufvud underlines the crucial role of information, learning and institutions. Coming to individual choice, he unremittingly rejects unbounded rationality. Methodologically, however, his use of general equilibrium as a benchmark seems to have conditioned his analysis. In bringing to light the 'dark forces of time and ignorance', Leijonhufvud himself seems to have fallen under the influence of the siren represented by general equilibrium theory.
Author: Tyler Beck Goodspeed Publisher: Oxford University Press ISBN: 0199846650 Category : Business & Economics Languages : en Pages : 204
Book Description
While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this dichotomy is in many respects superficial. This book argues that both Keynes and Hayek developed their theories of the business cycle within the tradition of Knut Wicksell.
Author: Roger E. Backhouse Publisher: Cambridge University Press ISBN: 1139789619 Category : Business & Economics Languages : en Pages : 239
Book Description
This book tells the story of the search for disequilibrium micro-foundations for macroeconomic theory, from the disequilibrium theories of Patinkin, Clower and Leijonhufvud to recent dynamic stochastic general equilibrium models with imperfect competition. Placing this search against the background of wider developments in macroeconomics, the authors contend that this was never a single research program, but involved economists with very different aims who developed the basic ideas about quantity constraints, spillover effects and coordination failures in different ways. The authors contrast this with the equilibrium, market-clearing approach of Phelps and Lucas, arguing that equilibrium theories simply assumed away the problems that had motivated the disequilibrium literature. Although market-clearing models came to dominate macroeconomics, disequilibrium theories never went away and continue to exert an important influence on the subject. Although this book focuses on one strand in modern macroeconomics, it is crucial to understanding the origins of modern macroeconomic theory.
Author: Plotinus Publisher: Hackett Publishing ISBN: 9780915144099 Category : Philosophy Languages : en Pages : 228
Book Description
'The Essential Plotinus is a lifesaver. For many years my students in Greek and Roman Religion have depended on it to understand the transition from antiquity to the Middle Ages. The translation is crisp and clear, and the excerpts are just right for an introduction to Plotionus's many-layered view of the world and humankind's place in it' - F. E. Romer, University of Arizona
Author: Axel Leijonhufvud Publisher: Edward Elgar Publishing ISBN: 9781781008393 Category : Business & Economics Languages : en Pages : 400
Book Description
Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together his insightful essays dealing with the extremes of economic instability: great depressions, high inflation and the transition from socialism to a market economy. In several of the papers, Leijonhufvud brings a neo-institutionalist perspective to the problems of coordination in economic systems. The papers within Macroeconomic Instability and Coordination some of them already considered classics, deal with the questions that dominated Leijonhufvud's interest throughout his career as an economist: what are the limits to an economy's capacity to coordinate the activities of its members? How does the behavior of the system change under extreme conditions? In what ways does its performance depend upon the institutions that govern the market process?
Author: Gottfried Wilhelm Leibniz Publisher: DigiCat ISBN: Category : Philosophy Languages : en Pages : 409
Book Description
"Theodicy" is a book of philosophy by the German polymath Gottfried Leibniz published in 1710, whose optimistic approach to the problem of evil is thought to have inspired Voltaire's "Candide". Much of the work consists of a response to the ideas of the French philosopher Pierre Bayle, with whom Leibniz carried on a debate for many years. The "Theodicy" tries to justify the apparent imperfections of the world by claiming that it is optimal among all possible worlds. It must be the best possible and most balanced world, because it was created by an all powerful and all knowing God, who would not choose to create an imperfect world if a better world could be known to him or possible to exist. In effect, apparent flaws that can be identified in this world must exist in every possible world, because otherwise God would have chosen to create the world that excluded those flaws. Leibniz distinguishes three forms of evil: moral, physical, and metaphysical. Moral evil is sin, physical evil is pain, and metaphysical evil is limitation. God permits moral and physical evil for the sake of greater goods, and metaphysical evil is unavoidable since any created universe must necessarily fall short of God's absolute perfection.
Author: Cecilia Danton Publisher: Murphy & Moore Publishing ISBN: 9781639872480 Category : Business & Economics Languages : en Pages : 244
Book Description
The branch of economics which deals with the behavior of individual firms as well as consumers in decision-making and allocation of resources is known as microeconomics. Various mathematical tools such as exponential functions, derivatives and statistics are used in microeconomics. The key focus of this field is on analyzing the market mechanisms which establish the relative prices among goods and services and allocate limited resources. Some common theories in microeconomics are the consumer demand theory, production theory, opportunity cost, price theory and cost-of-production theory of value. The topics included in this book on microeconomics are of utmost significance and bound to provide incredible insights to readers. It is compiled in such a manner, that it will provide in-depth knowledge about the theory and practice of microeconomics. This book will serve as a valuable source of reference for those interested in this field.
Author: Bruce Littleboy Publisher: Routledge ISBN: 1134949510 Category : Business & Economics Languages : en Pages : 354
Book Description
There is discontent with how the textbooks have come to reinterpret Keynes but there is little communication between the most prominent schools of criticism. This book argues that this lack of dialogue is mistaken and damaging. A synthesis is possible as many of the arguments between them can be traced to simple misunderstadings and differences of emphasis.
Author: Elisabetta de Antoni
Author: Elisabetta de Antoni
Author: Tyler Beck Goodspeed
Author: Roger E. Backhouse
Author: Axel Leijonhufvud
Author: Moses Abramovitz
Author: Plotinus
Author: Axel Leijonhufvud
Author: Gottfried Wilhelm Leibniz
Author: Cecilia Danton
Author: Bruce Littleboy