Co-ordinating the Not-Too-Rational: Leijonhufvud’s Macroeconomic Methodologies

Kumaraswamy Velupillai and Lionello Punzo

Chapter 3 in Inflation, Institutions and Information, 1996, pp 12-23 from Palgrave Macmillan

Abstract: Abstract Axel Leijonhufvud (AL) has almost always worked at the frontiers of macroeconomics; in his early professional career the frontiers of monetary macroeconomics were defined and delineated by his work. However, almost immediately after his magnum opus, he began introducing a series of conceptual innovations as desiderata in the formalisms of market dynamics, monetary regimes, macrodynamics, rational behaviour, consumer theory, production theory and also doctrine and monetary history.

Keywords: Modern Theory; Plausible Reasoning; Computable Economic; Conceptual Innovation; Proper Category (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-13521-9_3

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