Microfoundations - A Critical Inquiry

First published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.

List of contents

Preface Introduction Part 1: Micro and Macro in Economics: Definitions and Relations 1. The Meaning of Micro and Macro in Economics 2. Individual Behaviour and Aggregate Relations 3. General Equilibrium Analysis and Macroeconomics: Alternative Programs 4. Economics and the Real World Part 2: Aggregation Issues 5. Aggregation, Analogy and the Representative Agent 6. On the Probability Distribution of Aggregate Demand Part 3: Equilibrium Foundations for Market Equilibrium 7. Individualistic Foundations for Market Equilibrium 8. The Individual Rationality of Rational Expectations Part 4: Microfoundations 9. What Is This Thing Called Foundations? 10. Rationalizable Animal Spirits Conclusion Notes References

About the author

Janssen, Maarten

Summary

This argues that it is really microeconomics' concern with the functioning of markets that underlies the theories which attempt to provide macroeconomics with microfoundations.

Additional text

`It is well written and has a host of clear illustrations drawn from a wide range fo contemporary economic theory. It is stimulating, and well worth a read by those who would like to take a little time to reflect on what we are doing.' - The Economic Journal

Product details

• Authors: Maarten Janssen, Maarten C. W. Janssen
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 25.03.2014
• EAN: 9780415756051
• ISBN: 978-0-415-75605-1
• No. of pages: 224
• Subjects: Social sciences, law, business > Business > General, dictionaries; Business & Economics / General, BUSINESS & ECONOMICS / Economics / General, macroeconomics, Economic theory & philosophy, Microeconomics, Economic theory and philosophy