What kind of Microeconomic Foundations of Macroeconomics are necessary?

Erich Streissler
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Erich Streissler: University Of Vienna

Chapter 4 in The Microeconomic Foundations of Macroeconomics, 1977, pp 96-143 from Palgrave Macmillan

Abstract: Abstract To begin with, it is easier to state what the microeconomic foundations of macroeconomics should not be. Basically the whole discussion about the need for a microeconomic foundation of macroeconomics is the expression first of a revolt against, and then of a partial return to, figures of thought symbolised (for me) by the Marshallian concept of a ‘representative firm’1.

Keywords: Business Cycle; Credit Rationing; Excess Demand; Full Employment; Global Constraint (search for similar items in EconPapers)
Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-03236-5_5

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DOI: 10.1007/978-1-349-03236-5_5

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