Information and Co-ordination: A View from the South

Daniel Heymann

Chapter 14 in Inflation, Institutions and Information, 1996, pp 337-356 from Palgrave Macmillan

Abstract: Abstract This is a special occasion for those of us who had the chance of learning directly from Axel Leijonhufvud. Leijonhufvud is more than a standard teacher: he transmits an attitude towards economic research. Both in writing and in conversation he makes one well aware that economists must remain curious and prepared for constructive puzzlement. Leijonhufvud has made it clear that the search for precise arguments can, and should, be combined with an open-minded approach, and with respect for intellectual diversity. He insists that one should learn and use the tools of the craft, and that it is essential to keep in mind the practical applications of economic analysis; but he does not dwell on techniċal details, nor does he offer universal policy recipes. This, no doubt, may bother some people. But, for many of us, Leijonhufvud’s work continues to provide a non-dogmatic guide for thought and an incentive to keep exploring the field.

Keywords: Inflation Rate; Rational Expectation; Trade Credit; Policy Rule; High Inflation (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13521-9_14

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DOI: 10.1007/978-1-349-13521-9_14

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