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Keynesian economics --- Equilibrium (Economics) --- Keynésianisme --- Equilibre (Economie politique) --- keynes --- theories economiques --- economische theorieen --- Keynésianisme --- Post-Keynesian economics --- Schools of economics --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Economics --- Statics and dynamics (Social sciences)

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This is the first full-length survey of current work which examines the compatibility of microeconomics and macroeconomics. Its particular distinction is that it makes accessible, to non-specialists, those extensive modern refinements of general equilibrium theory which are linked to macroeconomics and monetary theory. Part I traces the development and interlocking nature of two scientific research prgrams, macroeconomics and neo-Walrasian analysis. The five chapters in this part examine general equilibrium theory, Keynes' contribution, the 'neoclassical synthesis', and the Clower-Leijonhufvud contributions to questions of systemic coordination. The four chapters of Part II place recent work on the micro-foundations of macroeconomics within a taxonomic scheme of Walrasian equilibrium, Walrasian disequilibrium, Edgeworthian equilibrium, and Edgeworthian disequilibrium. Part III, a single chapter, provides an overview of the subject and ventures some conclusions.

Microeconomics --- Macroeconomics --- Equilibrium (Economics) --- Economics --- Micro-économie --- Macroéconomie --- Equilibre (Economie politique) --- Economie politique --- Mathematical models --- Modèles mathématiques --- 330.101 --- -Equilibrium (Economics) --- micro-economie --- macro-economie --- 330.1 --- Price theory --- Disequilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- Stagnation (Economics) --- Statics and dynamics (Social sciences) --- Economic theory --- Political economy --- Social sciences --- Economic man --- Economische analyse. Economische methodologie. Economische onderzoeksmethoden--(theoretische economie) --- 330.101 Economische analyse. Economische methodologie. Economische onderzoeksmethoden--(theoretische economie) --- Micro-économie --- Macroéconomie --- Modèles mathématiques --- Economics, Mathematical --- DGE (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- SDGE (Economic theory) --- Economics - Mathematical models --- Business, Economy and Management --- Microeconomics. --- Macroeconomics. --- Mathematical models.

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Contemporary general equilibrium theory is characteristically short-run, separated from monetary aspects of the economy, and as such does not deal with long-run problems such as capital accumulation, innovation, and the historical movement of the economy. These phenomena are discussed by growth theory, which assumes a given or shifting production function, and in turn cannot therefore deal with the fundamental problem of growth, namely how the production function is derived. Thus traditional theories have a common weakness in that they divorce real economic growth from the activities of the financial sector. This book provides a much-needed synthesis of growth theory and monetary theory. Professor Morishima draws on the work of Schumpeter, Keynes and the pre-war neoclassical economists to formulate a capital-theoretic general equilibrium theory.

Capital --- Monetary policy --- Economic development --- Equilibrium (Economics) --- 339.5 --- Economics growth --- credits --- developpement economique --- monnaie --- politique monetaire --- theorie monetaire --- Monetary management --- Economic policy --- Currency boards --- Money supply --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Economics --- Statics and dynamics (Social sciences) --- Development, Economic --- Economic growth --- Growth, Economic --- Development economics --- Resource curse --- Capital assets --- Fixed assets --- Capitalism --- Infrastructure (Economics) --- Wealth --- kredieten --- economische ontwikkeling --- geld --- monetair beleid --- monetaire theorie --- Business, Economy and Management --- Money market. Capital market --- Capital. --- Monetary policy. --- Economic development.

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This book is concerned with the problem of wage rigidities in macroeconomic theory, and their implications for public policy. It offers an analysis of the microeconomic foundations of rigid wages, considering their implications for normative economics, and their role in explaining involuntary unemployment. The initial chapters examine short-run macroeconomic equilibrium with nominal rigidities within the framework of fixed-price temporary equilibria. This is followed by an overview and assessment of the main microeconomic mechanisms likely to account for real wage rigidity. In this context new findings concerning microeconomic mechanisms likely to account for real wage rigidity, including implicit contract theory, union behaviour and efficiency wage models are reported. The effect of efficiency wages on macroeconomic fluctuations is also considered. Finally an analysis of the important public policy issues raised in the book is provided.

Macroeconomics --- Labour market --- Wages --- Unemployment --- Equilibrium (Economics) --- Macroeconomics. --- Government policy. --- salaires --- chomage --- AA / International- internationaal --- 305.94 --- 332.691 --- 332.26 --- 332.620 --- lonen --- werkloosheid --- Econometrie van de arbeidsmarkt, de werkgelegenheid en de werkloosheid. --- Evolutie van de arbeidsmarkt. --- Loonevolutie. --- Werkloosheid: algemeenheden. Philipscurve. --- Wage-price policy --- Joblessness --- Employment (Economic theory) --- Full employment policies --- Labor supply --- Manpower policy --- Right to labor --- Underemployment --- Economics --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Statics and dynamics (Social sciences) --- Government policy --- Econometrie van de arbeidsmarkt, de werkgelegenheid en de werkloosheid --- Loonevolutie --- Werkloosheid: algemeenheden. Philipscurve --- Evolutie van de arbeidsmarkt --- Business, Economy and Management --- Wages - Government policy. --- Unemployment.

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Equilibrium (Economics) --- International business enterprises --- Monopolies --- Equilibre (Economie politique) --- Entreprises multinationales --- Monopoles --- 339.97 --- theories economiques --- relations economiques internationales --- Combinations in restraint of trade --- Commercial corners --- Corners, Commercial --- Engrossing --- Forestalling --- Commercial crimes --- Trade regulation --- Competition --- Monopolistic competition --- Monopsonies --- Restraint of trade --- Trusts, Industrial --- Business enterprises, International --- Corporations, International --- Global corporations --- International corporations --- MNEs (International business enterprises) --- Multinational corporations --- Multinational enterprises --- Transnational corporations --- Business enterprises --- Corporations --- Joint ventures --- Disequilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- Economics --- Stagnation (Economics) --- Statics and dynamics (Social sciences) --- Wereldeconomie. Club van Rome. Wereldplannen. Internationale plannen --- economische theorieen --- internationale economische betrekkingen --- 339.97 Wereldeconomie. Club van Rome. Wereldplannen. Internationale plannen --- DGE (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- SDGE (Economic theory)