Ekkehart Schlicht

Isolation and Aggregation in Economics

• Broschiertes Buch

Produktbeschreibung

In order to solve a given problem, economic analysis is com pelled to concentrate on the interaction of selected factors while disregarding a multitude of other influences. This book offers a discussion of certain central premises involved here and draws some analytical consequences. The argument is fo cused on process analysis, i.e., on the analysis of economic processes within a given institutional setting, although certain corollaries for institutional analysis are patent. Many colleagues and students have helped me, for many years, to develop the views presented here, and it seems im possible to trace individual influences. Thus I can only ex press my indebtedness in a macro sense. I wish to thank the Westdeutscher Verlag for its kind per mission to use material from my Grundlagen der okonomi schen Analyse. The results of Chap. 4 were presented at the Econometric Society European Meeting in Pisa, 1983. Dr. W. A. MUller from Springer-Verlag has encouraged me to write this bookand has been helpful in many ways.

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Produktdetails

• Verlag: Springer / Springer Berlin Heidelberg / Springer, Berlin
• Artikelnr. des Verlages: 978-3-642-70300-3
• Softcover reprint of the original 1st ed. 1985
• Seitenzahl: 132
• Erscheinungstermin: 17. November 2011
• Englisch
• Abmessung: 235mm x 155mm x 8mm
• Gewicht: 212g
• ISBN-13: 9783642703003
• ISBN-10: 3642703003
• Artikelnr.: 36116323

Inhaltsangabe

1. The Setting of the Argument.- 1.1 Two Characteristics of Economic Analysis.- 1.2 The Provisional Nature of Economic Data.- 1.3 Intricacies in Macroeconomic Analysis.- 1.4 Isolation and Aggregation.- 2. On Isolation.- 2.1 The Heuristic View.- 2.2 The Isolating Approach.- 2.3 Substantive Isolation.- 2.4 Hypothetical Isolation.- 2.5 Economic Thinking.- 3. The Moving Equilibrium Method.- 3.1 Economic Equilibrium.- 3.2 Moving Equilibria.- 3.5 Hicks-d'Alembert's Principle.- 4. Econometric Implications.- 4.1 Linking Theory and Empirical Evidence.- 4.2 Invariances in Coefficients Versus Invariances in Their Stability.- 4.3 Estimation in a Linear Model with Random Walk Coefficients.- 4.4 Unsettled Problems.- 5. The Nature of Macroeconomic Laws.- 5.1 On Reductionism.- 5.2 The Macroeconomic Method.- 5.3 Closed Aggregation and the Context Dependency of Economic Laws.- 5.4 Qualitative Differences Between Microeconomic and Macroeconomic Laws.- 5.5 Hermeneutic Aggregation.- 5.6 Adequate Aggregation.- 6. Epilogue: Economic Imagination.- References.- Author Index.