Showing 1 - 10 of 1,441
Mainstream macroeconomics has pursued 'micro founded' models based on the explicit optimization by representative agents. The result has been a long and wasteful detour. But elements of the Lucas critique are relevant, also for heterodox economists. Challenging common heterodox views on...
Persistent link: https://www.econbiz.de/10009504654
econometrics, microfoundations, and the New Classical macroeconomics. …
Persistent link: https://www.econbiz.de/10011903527
Persistent link: https://www.econbiz.de/10009761348
decisions in equilibrium. At the same time it allows for absolutely consistent microfoundations, including the structure and …
Persistent link: https://www.econbiz.de/10010688120
A review of J.E. King’s The Microfoundations Delusion: Metaphor and Dogma in the History of Macroeconomics …
Persistent link: https://www.econbiz.de/10014154173
A review of J.E. King's The Microfoundations Delusion: Metaphor and Dogma in the History of Macroeconomics. …
Persistent link: https://www.econbiz.de/10011707343
"Microfoundations for macroeconomics" has become the ideological banner of macroeconomics since the 1970s. While often …
Persistent link: https://www.econbiz.de/10014055612
; microfoundations of macroeconomics …
Persistent link: https://www.econbiz.de/10008902420
Persistent link: https://www.econbiz.de/10010251362
Persistent link: https://www.econbiz.de/10011478929