Evolutionary Macroeconomics (Routledge Revivals)

By John Foster

© 1987 – Routledge

316 pages

Purchasing Options:
Paperback: 9780415681223
pub: 2012-09-30
US Dollars$46.95
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Hardback: 9780415679244
pub: 2011-06-29
US Dollars$170.00
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About the Book

First published in 1987, Evolutionary Macroeconomics offers an evolutionary approach to macroeconomics as an alternative to contemporary new classical and Keynesian macroeconomics. In order to develop such an approach, an alternative view of the micro-foundations of macroeconomics is presented.

The book begins with a commentary on the state of macroeconomics and an evaluation of attempts to redevelop its underlying vision of economic behaviour. Particular attention is paid to the treatment of expectations and anticipations. The second part of the book presents a behavioural framework which is compatible with an evolutionary perspective on economic behaviour. The third part of the book discusses the implications of adopting an evolutionary approach to macroeconomic theory, empirical methods and policy design, culminating in a specific policy proposal to cure stagflation.

Table of Contents

1. Introduction 2. The Decline of the Keynesian Consensus 3. The Rise of New Classical Macroeconomics 4. New Directions in Keynesian Economics 5. The Bio-philosophical Foundations of Macroeconomics 6. General Behavioural Dynamics: from Structure to Consciousness 7. The Foundations of an Evolutionary Approach to Economic Behaviour 8. Economic Behaviour in the Short Run of Evolutionary Time 9. Structural Change in the Long Run of Evolutionary Time 10. Evolutionary Framework for Macroeconomic Analysis 11. The Evolution of the Mixed Economy 12. Curing Stagflation: An Evolutionary Approach 13. Conclusion

About the Series

Routledge Revivals

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Drawing from over 100 years of innovative, cutting-edge, publishing Routledge Revivals is an exciting new programme whereby key titles from the distinguished and extensive backlist of the many acclaimed imprints associated with Routledge will be re-issued.

The programme draws upon the illustrious backlists of Kegan Paul, Trench & Trubner, Routledge & Kegan Paul, Methuen, Allen & Unwin and Routledge itself.

Routledge Revivals spans the whole of the Humanities and Social Sciences, and includes works by some of the world’s greatest thinkers including Emile Durkheim, Max Weber, Simone Weil, Martin Buber, Karl Jaspers and Max Beloff.

If you are interested in Revivals in the Behavioral Sciences, please visit https://www.routledge.com/series/PSYREVIVALS

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS039000
BUSINESS & ECONOMICS / Economics / Macroeconomics