224 Pages
by
Routledge
224 Pages
by
Routledge
224 Pages
by
Routledge
Also available as eBook on:
All economists are familiar with the division of the subject into microeconomics and macroeconomics. However, few economists are able to give an accurate account of what distinguishes micro and macro. The increasing interest in the `microfoundations of macroeconomics' has typically attracted those who feel that economics is about the rational behaviour of individuals and who regard macro... Read more
Preface Introduction Part 1: Micro and Macro in Economics: Definitions and Relations 1. The Meaning of Micro and Macro in Economics 2. Individual Behaviour and Aggregate Relations 3. General Equilibrium Analysis and Macroeconomics: Alternative Programs 4. Economics and the Real World Part 2: Aggregation Issues 5. Aggregation, Analogy and the Representative Agent 6. On the Probability Distribution of Aggregate Demand Part 3: Equilibrium Foundations for Market Equilibrium 7. Individualistic Foundations for Market Equilibrium 8. The Individual Rationality of Rational Expectations Part 4: Microfoundations 9. What Is This Thing Called Foundations? 10. Rationalizable Animal Spirits Conclusion Notes References
Biography
Janssen, Maarten
`It is well written and has a host of clear illustrations drawn from a wide range fo contemporary economic theory. It is stimulating, and well worth a read by those who would like to take a little time to reflect on what we are doing.' - The Economic Journal
