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  • Cited by 174
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    • Publisher:
      Cambridge University Press
      Publication date:
      03 May 2011
      28 February 1979
      ISBN:
      9780511559570
      9780521294454
      DOI:
      https://doi.org/10.1017/CBO9780511559570
      Dimensions:
      Weight & Pages:
      Dimensions:
      (216 x 138 mm)
      Weight & Pages:
      0.263kg, 184 Pages
      • Subjects:
      Economics, Microeconomics, Economic Thought, Philosophy and Methodology, Economic Theory
      Series:
      Cambridge Surveys of Economic Literature
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    Subjects:
    Economics, Microeconomics, Economic Thought, Philosophy and Methodology, Economic Theory
    Series:
    Cambridge Surveys of Economic Literature
    Information

    Book description

    This is the first full-length survey of current work which examines the compatibility of microeconomics and macroeconomics. Its particular distinction is that it makes accessible, to non-specialists, those extensive modern refinements of general equilibrium theory which are linked to macroeconomics and monetary theory. Part I traces the development and interlocking nature of two scientific research prgrams, macroeconomics and neo-Walrasian analysis. The five chapters in this part examine general equilibrium theory, Keynes' contribution, the 'neoclassical synthesis', and the Clower–Leijonhufvud contributions to questions of systemic coordination. The four chapters of Part II place recent work on the micro-foundations of macroeconomics within a taxonomic scheme of Walrasian equilibrium, Walrasian disequilibrium, Edgeworthian equilibrium, and Edgeworthian disequilibrium. Part III, a single chapter, provides an overview of the subject and ventures some conclusions.

    Reviews

    ‘Weintraub is reporting and reflecting on work in progress which may in due course make an important difference to economics. I have found that this is work which students of all years find exciting and this book will, I think, be popular with them and useful.’

    F. H. Hahn

    ‘ … it is a brilliant and thoroughly readable survey of the history and current state of the Keynesian Debate. Unlike almost everything else that has been done along this line, this manuscript is balanced and unemotional in tone and its coverage of various ‘schools’ and points of view is even-handed. It is accurately described as ‘a remarkable tour de force’.’

    Robert W - Clower

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