Beyond Microfoundations: Post Walrasian Economics

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Cambridge University Press, Jan 26, 1996 - Business & Economics - 266 pages
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Beyond Microfoundations discusses the foundations for a post-Walrasian macroeconomics and, in doing so, carries the work of Robert Clower and Axel Leijonhufvud to the present. This book spells out both why a new approach to macro is needed, and what the essence of the approach will be. This post-Walrasian approach to macro is neither Keynesian nor Classical, both of which have Walrasian foundations, but it offers an approach to macro in which Walrasian economics is turned on its head. Specifically, it rejects the Walrasian ad hoc assumptions of the existence of a unique equilibrium and of simple dynamics.

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About the author (1996)

David Colander has been the Christian A. Johnson Distinguished Professor of Economics at Middlebury College, Middlebury, Vermont since 1982. He previously taught at Columbia University, Vassar College, and the University of Miami. Professor Colander has authored, co-authored, or edited more than 35 books and 100 articles on a wide range of topics. His books have been, or are being, translated into a number of different languages, including Chinese, Bulgarian, Polish, Italian, and Spanish. He is a former President of both the Eastern Economic Association and History of Economics Society and is, or has been, on the editorial boards of the Journal of the History of Economic Thought, Journal of Economic Methodology, Eastern Economic Journal, Journal of Economic Education, The Journal of Socioeconomics, and Journal of Economic Perspectives. He has also been a consultant to Time-Life Films, the U.S. Congress, a Brookings Policy Fellow, and a Visiting Scholar at Nuffield College, Oxford. In 2001 2002 he was the Kelly Professor of Distinguished Teaching at Princeton University.

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