This argues that it is really microeconomics' concern with the functioning of markets that underlies the theories which attempt to provide macroeconomics with microfoundations.
This argues that it is really microeconomics' concern with the functioning of markets that underlies the theories which attempt to provide macroeconomics with microfoundations.
Preface Introduction Part 1: Micro and Macro in Economics: Definitions and Relations 1. The Meaning of Micro and Macro in Economics 2. Individual Behaviour and Aggregate Relations 3. General Equilibrium Analysis and Macroeconomics: Alternative Programs 4. Economics and the Real World Part 2: Aggregation Issues 5. Aggregation, Analogy and the Representative Agent 6. On the Probability Distribution of Aggregate Demand Part 3: Equilibrium Foundations for Market Equilibrium 7. Individualistic Foundations for Market Equilibrium 8. The Individual Rationality of Rational Expectations Part 4: Microfoundations 9. What Is This Thing Called Foundations? 10. Rationalizable Animal Spirits Conclusion Notes References
Preface Introduction Part 1: Micro and Macro in Economics: Definitions and Relations 1. The Meaning of Micro and Macro in Economics 2. Individual Behaviour and Aggregate Relations 3. General Equilibrium Analysis and Macroeconomics: Alternative Programs 4. Economics and the Real World Part 2: Aggregation Issues 5. Aggregation, Analogy and the Representative Agent 6. On the Probability Distribution of Aggregate Demand Part 3: Equilibrium Foundations for Market Equilibrium 7. Individualistic Foundations for Market Equilibrium 8. The Individual Rationality of Rational Expectations Part 4: Microfoundations 9. What Is This Thing Called Foundations? 10. Rationalizable Animal Spirits Conclusion Notes References
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