This volume provides a broad overview of the development of macroeconomic theory and methods. Against this background fundamental questions are addressed by the authors: reconciliation of micro and macroeconomic theory, the role of money in macroeconomic modelling, the concept of income, and new suggestions for the basic framework of macroeconomic theorizing.
Inhaltsverzeichnis
Notes on the Contributors - Introduction; H. Brink - The Sad State of Macroeconomic Theory; H. Brink - Microfoundations of Dynamic Macroequations; M. Lippi - Exchangeability and the Structure of the Economy; J. McCall - A Simple Concept of Income; C. Heyn-Johnsen - Production and Distribution in a Monetary Economy; A. Graziani - A Keynesian Model for a Post-Monetarist Open Economy; M. Desai - A Simple Stock Flow Model of the Danish Economy; W. Godley & G. Zezza - Index
