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Macroeconomics in the Small and the Large : Essays on Microfoundations, Marco...
- Item No : 365760508010
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* Item Description
- Macroeconomics in the Small and the Large : Essays on Microfoundations, Marcoeconomic Applications and Economic History in Honor of Axel Leijonhufvud, Hardcover by Farmer, Roger E. A. (EDT), ISBN 1848440464, ISBN-13 9781848440463, Like New Used, Free shipping in the US
Farmer (economics, U. of California, Los Angeles; Self-Fulfilling Prophecies in Macroeconomics), introduces this collection of nine articles constituting a festschrift for economist Axel Leijonhufvud (emeritus, UCLA; monetary theory and policy, U. of Trento, Italy). Contributors provide historical and technical supplements to Leijonhufvud's influential ideas: On Keynesian Economics and the Economics of Keynes (1968), in which he expressed discomfort with rigid interpretations of Keynes' economics; and most relevant currently, that during normal economic times the economy operates within a 'corridor' of acceptable fluctuations, and economists should draw lessons from historical events like the Great Depression when the economy moved shockingly outside this corridor. In keeping with Leijonhufvud's originality, authors present alternative models. The volume includes a bibliography of his publications. Annotation ©2009 Book News, Inc., Portland, OR ()
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