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Item Details
Title:
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METHODOLOGICAL FOUNDATIONS OF MACROECONOMICS
KEYNES AND LUCAS |
By: |
Allessandro Vercelli |
Format: |
Hardback |

List price:
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£100.00 |
We currently do not stock this item, please contact the publisher directly for
further information.
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ISBN 10: |
0521392942 |
ISBN 13: |
9780521392945 |
Publisher: |
CAMBRIDGE UNIVERSITY PRESS |
Pub. date: |
26 September, 1991 |
Pages: |
288 |
Description: |
An investigation of the methodological and epistemological foundations of macroeconomic theory. |
Synopsis: |
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. |
Illustrations: |
18 line diagrams, 3 tables, index |
Publication: |
UK |
Imprint: |
Cambridge University Press |
Returns: |
Returnable |
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