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Inflation, Institutions and Information - Essays in Honour of Axel Leijonhufvud (Hardcover)
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Inflation, Institutions and Information - Essays in Honour of Axel Leijonhufvud (Hardcover)
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Macroeconomics has undergone profound changes since the Keynesian
consensus broke down in the mid-1960s. Axel Leijonhuvfvud belonged
to that core group of distinguished macroeconomists who wrought the
changes that brought back the classical questions to the subject:
microfoundations, money, markets, institutions, information and
transition dynamics. He fashioned a whole series of conceptual
innovations that have become part of the folklore of monetary
macroeconomics.;This collection of essays by distinguished
colleagues and former students pay homage to Leijonhuvfvud. Issues
that have featured at the centre of his research for over 30 years
are discussed by the contributors. History of thought, philosophy
of science and transition dynamics, in addition to the more central
issues of money, inflation, monetary regimes, information,
institutions, microfoundations, increasing returns and stabilizing
speculation are some of the central topic discussed, empirically
and theoretically, in these essays.;Kumaraswamy Vellupillai is the
author of "Business Cycles", "Nonlinear and Multisectoral
Macrodynamics" and "Nonleantities, Disequilibria and Simulation".
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