Beyond Microfoundations: Post Walrasian Economics

by David Colander (Editor)

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.

284 pages, Hardcover

First published January 1, 1996

About the author

David C. Colander is the Christian A. Johnson Distinguished Professor of Economics at Middlebury College.

Detailed resume available at:

http://community.middlebury.edu/~cola...