The Microeconomic Foundations of Macroeconomics  book cover
1st Edition

The Microeconomic Foundations of Macroeconomics

ISBN 9780367171537
Published June 28, 2019 by Routledge
412 Pages

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Book Description

This discourse on the conference proceedings unveils Sir John Hicks's efforts to discuss capital/income family of concepts with their principal characteristics of inter-temporality. Papers on capital, profits, the concept of invariant capital stock and Kaleckian theory of investment are discussed.

Table of Contents

Introduction 1. Keynesian Economics and General Equilibrium Theory: Reflections on Some Current Debates 2. On Temporary Keynesian Equilibrium 3. Some New Concepts for the Microeconomic Foundations of Macroeconomics 4. What Kind of Microeconomic Foundations of Macroeconomics are Necessary? 5. Examples of Production Relations Based on Microdata 6. Aggregation Problems of Macroeconomics 7. The Role, Functions and Definition of Money 8. Some Issues on Firm Behaviour in Light of Microeconomic Foundations of Economics 9. Costs and Consequences of Inflation 10. Profits and Investment: a Kaleckian Approach 11. An Aspect of the Economic Role of Unemployment 12. Final Discussion Session

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