The macroeconomics of imperfect competition is a field which has witnessed an almost exponential growth in the last twenty years. The reason for this success is simple as this field combines two important, and hitherto incompatible, features: On one hand, like Walrasian or new classical macroeconomics it has fully rigorous microeconomic foundations. On the other hand, like Keynesian macroeconomics (which itself lacked such foundations) it can produce underemployment of resources and macroeconomic coordination failures. This successful blend of the General Equilibrium, Keynesian and Imperfect Competition traditions has become a most influential paradigm in macroeconomics.Jean-Pascal Benassy, himself the author of several pioneering contributions, has assembled leading articles in the field and written an extensive introduction putting them and other contributions in the area into perspective. This volume will be a basic reference source for professors, students and researchers in this important and rapidly expanding field.
| ISBN: | 9781852788490 |
| Publication date: | 1st January 1995 |
| Author: | JeanPascal Bénassy |
| Publisher: | Edward Elgar Publishing Ltd |
| Format: | Hardback |
| Pagination: | 544 pages |
| Series: | The International Library of Critical Writings in Economics series |
| Genres: |
Macroeconomics Economic theory and philosophy |
The macroeconomics of imperfect competition is a field which has witnessed an almost exponential growth in the last twenty years. The reason for this success is simple as this field combines two important, and hitherto incompatible, features: On one hand, like Walrasian or new classical macroeconomics it has fully rigorous microeconomic foundations. On the other hand, like Keynesian macroeconomics (which itself lacked such foundations) it can produce underemployment of resources and macroeconomic coordination failures. This successful blend of the General Equilibrium, Keynesian and Imperfect Competition traditions has become a most influential paradigm in macroeconomics.Jean-Pascal Benassy, himself the author of several pioneering contributions, has assembled leading articles in the field and written an extensive introduction putting them and other contributions in the area into perspective. This volume will be a basic reference source for professors, students and researchers in this important and rapidly expanding field.
MACROECONOMICS AND IMPERFECT COMPETITION features in the following genres: Macroeconomics, Economic theory and philosophy
MACROECONOMICS AND IMPERFECT COMPETITION is available in Hardback
MACROECONOMICS AND IMPERFECT COMPETITION was written by JeanPascal Bénassy and published by Edward Elgar Publishing Ltd
MACROECONOMICS AND IMPERFECT COMPETITION has 544 pages
Yes it is part of The International Library of Critical Writings in Economics series series