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Microfoundations: A Critical Inquiry
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Microfoundations: A Critical Inquiry Hardcover - 1993 - 1st Edition

by Maarten Janssen


From the publisher

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 propositions as a consequence of the intentions of individuals. As a result, microfoundations' have come to be synonymous with theories of individual behaviour. However, Maarten Janssen argues that it is microeconomics' concern with the functioning of markets that underlies theories of microfoundations. This claim is substantiated by an analysis of the aggregation problem, of the foundations of equilibrium theories, of the rational expectations hypothesis, and of a model from the New Keynesian literature.

Details

  • Title Microfoundations: A Critical Inquiry
  • Author Maarten Janssen
  • Binding Hardcover
  • Edition number 1st
  • Edition 1
  • Pages 224
  • Volumes 1
  • Language ENG
  • Publisher Routledge, New York, NY, U.S.A.
  • Date 1993-05-06
  • ISBN 9780415086318 / 0415086310
  • Weight 0.94 lbs (0.43 kg)
  • Dimensions 8.5 x 5.5 x 0.63 in (21.59 x 13.97 x 1.60 cm)
  • Library of Congress subjects Macroeconomics, Equilibrium (Economics)
  • Library of Congress Catalog Number 92032043
  • Dewey Decimal Code 342.73
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Microfoundations: A Critical Inquiry
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Microfoundations: A Critical Inquiry

by Janssen, Maarten C. W

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New York, NY, U.S.A.: Routledge, 1993. Hard Cover. Near Fine/No Jacket. This study is an attempt to clarify the relation between microeconomics and macroeconomics, since few economists are able to give an accurate account of what distinguishes them; the interest in the microfoundations of macroeconomics has typically been regarded as a consequence of the view that economics is about the reational behavior of individuals, and that macroeconomic propositions are a result of the interactions of individuals; the author, Professor of Microeconomics at Erasmus University in Rotterdam, argues that it is microeconomics' concern with the functioning of markets rather than its concern with rational individual behavior that underlies theories which attempt to provide macroeconomics with microfoundations (black cloth with silver lettering on front & spine, slight mark on front endpaper from sticker removal; otherwise a bright, clean, tight copy)
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Microfoundations : A Critical Inquiry

Microfoundations : A Critical Inquiry

by Maarten Janssen

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Microfoundations: A Critical Inquiry
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Microfoundations: A Critical Inquiry

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Microfoundations: A Critical Inquiry
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Microfoundations: A Critical Inquiry

by Janssen, Maarten

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