Microfoundations Reconsidered

Pedro Duarte and Gilberto Lima

in Books from Edward Elgar Publishing

Abstract: The highly regarded contributors to the book argue that the standard narrative of microfoundations is likely to be unreliable. They therefore re-examine the history of the relationship of microeconomics and macroeconomics, starting from their emergence as self-consciously distinct fields within economics in the early 1930s. They seek to go beyond the conventional history that is often told and written by practicing economists. From different perspectives they challenge the association of microfoundations with Robert Lucas and rational expectations and offer both a more complete and a deeper reading of the relationship between micro and macroeconomics.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: B5 (search for similar items in EconPapers)
Date: 2012
ISBN: 9781781004098
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (33)

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Chapters in this book:

Ch 1 Microfoundational Programs

Kevin Hoover

Ch 2 From Foundational Critique to Fictitious Players: The Curious Odyssey of Oskar Morgenstern

Robert Leonard

Ch 3 The Rise and Fall of Walrasian Microeconomics: The Keynesian Effect

D. Wade Hands

Ch 4 The Cowles Commission as an Anti-Keynesian Stronghold 1943–54

Philip E. Mirowski

Ch 5 Microfoundations: A Decisive Dividing Line between Keynesian and New Classical Macroeconomics?

Michel De Vroey

Ch 6 Not Going Away? Microfoundations in the Making of a New Consensus in Macroeconomics

Pedro Duarte

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