000			02890nam a2200385 i 4500
001			CR9781139150859
003			UkCbUP
005			20240301142639.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			110901s2013||||enk o ||1 0|eng|d
020			_a9781139150859 (ebook)
020			_z9781107023192 (hardback)
020			_z9781107435384 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHB172.5 _b.B3335 2013
082	0	0	_a339.5 _223
100	1		_aBackhouse, Roger, _d1951- _eauthor.
245	1	0	_aTransforming modern macroeconomics : _bexploring disequilibrium microfoundations, 1956-2003 / _cRoger E. Backhouse, Mauro Boianovsky.
264		1	_aCambridge : _bCambridge University Press, _c2013.
300			_a1 online resource (xx, 215 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
490	1		_aHistorical perspectives on modern economics
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505	0		_a1. Introduction -- 2. Macroeconomics after Keynes -- 3. Don Patinkin and the neoclassical synthesis -- 4. Clower, Leijonhufvud and the re-appraisal of Keynesian economics -- 5. Macroeconomics with slow price adjustment -- 6. 'Equilibrium' microfoundations -- 7. General equilibrium and imperfect competition -- 8. Microeconomics and macroeconomics -- 9. After the 1970s -- 10. Conclusions.
520			_aThis book tells the story of the search for disequilibrium micro-foundations for macroeconomic theory, from the disequilibrium theories of Patinkin, Clower and Leijonhufvud to recent dynamic stochastic general equilibrium models with imperfect competition. Placing this search against the background of wider developments in macroeconomics, the authors contend that this was never a single research program, but involved economists with very different aims who developed the basic ideas about quantity constraints, spillover effects and coordination failures in different ways. The authors contrast this with the equilibrium, market-clearing approach of Phelps and Lucas, arguing that equilibrium theories simply assumed away the problems that had motivated the disequilibrium literature. Although market-clearing models came to dominate macroeconomics, disequilibrium theories never went away and continue to exert an important influence on the subject. Although this book focuses on one strand in modern macroeconomics, it is crucial to understanding the origins of modern macroeconomic theory.
650		0	_aMacroeconomics _xHistory.
650		0	_aEquilibrium (Economics) _xHistory.
700	1		_aBoianovsky, Mauro, _eauthor.
776	0	8	_iPrint version: _z9781107023192
830		0	_aHistorical perspectives on modern economics.
856	4	0	_uhttps://doi.org/10.1017/CBO9781139150859
999			_c9906 _d9906