Methodological Foundations of Macroeconomics (Paperback)

Allessandro Vercelli

ISBN 10: 0521074738 / ISBN 13: 9780521074735

Editore: Cambridge University Press, Cambridge, 2008

Paperback. This book is an investigation of the methodological and epistemological foundations of macroeconomic theory, based on an examination of the theories of Keynes and Lucas. It is divided into two parts. In the first Professor Vercelli discusses the methodological issues which lie behind the conflict among different schools of thought in macroeconomics (equilibrium and disequilibrium, risk and uncertainty, rationality and causality). These issues are central to the current debate not only in many branches of economics, but also in other scientific disciplines. The traditional point of view of science based on equilibrium, stability and determinism has been increasingly challenged by a new point of view in which disequilibrium, instability and uncertainty play a crucial role. This, the author argues, is bound to put macroeconomics in a new, more promising position. In the second part of the book the author compares the two main alternative research programmes in macroeconomics: that outlined by Keynes in his 'General Theory', and that suggested by Lucas, the leader of the new classical economists. An investigation of the methodological and epistemological foundations of macroeconomic theory. This item is printed on demand. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Codice articolo 9780521074735

Riassunto:

An investigation of the methodological and epistemological foundations of macroeconomic theory.

Recensione: "The book provides an extensive and up-to-date list of references and helpful subject and author indices. The book is well written and will be a valuable source to academicians." Southern Economic Journal

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Titolo: Methodological Foundations of Macroeconomics...
Casa editrice: Cambridge University Press, Cambridge
Data di pubblicazione: 2008
Legatura: Paperback
Condizione: new