Macroeconomics in the Small and the Large: Essays on Microfoundations, Macroeconomic Applications and Economic History in Honor of Axel Leijonhufvud

Macroeconomics in the Small and the Large: Essays on Microfoundations, Macroeconomic Applications and Economic History in Honor of Axel Leijonhufvud

by Roger E.A. Farmer (Editor)

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Overview

This book honors the work of the influential economist Axel Leijonhufvud. His work in macroeconomics, monetary theory and European economic history has spurred great discussion over many years, and the authors of this book comprise some of the very best economists active today. The broad influence of his work is evident in the variety of subjects his readers address.


The topics range from Keynesian economics and the economics of high inflation to the micro-foundations of macroeconomics and economic history. The reader will find an intriguing compilation of ideas ranging from bankruptcy and collateral debt, the macroeconomics of broken promises, interest rate setting, growth patterns of macro models, innovation history to macroeconomics with intelligent autonomous agents.


Scholars and students of economic history, Keynesian economics and alternative monetary theory will be delighted with the work inspired by this influential thinker.

Product Details

ISBN-13: 9781848440463
Publisher: Edward Elgar Publishing
Publication date: 01/01/2009
Pages: 208
Product dimensions: 6.40(w) x 9.20(h) x 0.90(d)

About the Author

Edited by Roger E.A. Farmer, Professor of Economics, University of California, Los Angeles, US

Table of Contents

Contents:


Preface


Introduction


1. Axel Leijonhufvud and the Quest for Micro-foundations: Some Reflections

David Laidler


2. Old-Keynesian Economics

Roger E.A. Farmer


3. Interest Rate Setting in the Presence of Investment Prospects and Knightian Uncertainty

Edmund S. Phelps


4. Macroeconomics of Broken Promises

Daniel Heymann


5. Bankruptcy and Collateral in Debt Constrained Markets

Timothy J. Kehoe and David K. Levine


6. Growth Patterns of Two Types of Macro-Models: Limiting Behavior of One- and Two-Parameter Poisson–Dirichlet Models

Masanao Aoki


7. Time Inconsistency of Robust Control?

Lars Peter Hansen and Thomas J. Sargent


8. A Tale of Two Countries: Innovation and Incentives Among Great Inventors in Britain and the United States, 1750–1930

B. Zorina Khan and Kenneth L. Sokoloff


9. Macroeconomics with Intelligent Autonomous Agents

Peter Howitt


Axel Leijonhufvud: Publications


Index

Customer Reviews