First published in 1987, Evolutionary Macroeconomics offers an
evolutionary approach to macroeconomics as an alternative to
contemporary new classical and Keynesian macroeconomics. In order
to develop such an approach, an alternative view of the
micro-foundations of macroeconomics is presented.
The book begins with a commentary on the state of macroeconomics
and an evaluation of attempts to redevelop its underlying vision of
economic behaviour. Particular attention is paid to the treatment
of expectations and anticipations. The second part of the book
presents a behavioural framework which is compatible with an
evolutionary perspective on economic behaviour. The third part of
the book discusses the implications of adopting an evolutionary
approach to macroeconomic theory, empirical methods and policy
design, culminating in a specific policy proposal to cure
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