Synopsis
This book collects Frank Hahn's less technical essays on economic theory. Marked by his unique blend of style, wit, and principle, they explore the concept of equilibrium and its "usefulness," the problematic role of money in the general equilibrium framework, and the shortcomings of monetarists, rational expectation ists, and neoRicardians.
Frank Hahn is Professor of Economics at Cambridge University. His critique of monetarism, Money and Inflation, is an MIT Press paperback.
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Review
"Hahn is one of the world's most distinguished economists, highly original in his thinking and the originator of many of the most important concepts of modern economic theory. "Hahn has been particularly concerned with the relation between the equilibrium concept of general equilibrium theory and the disequilibrium which underlies Keynesian theory and its derivatives. The papers in Part I reflect the concern with foundations, with the role of expectations in a static equilibrium embedded in a dynamic world .... The first paper in Part II is a fundamental contribution to the existence of equilibrium in a monetary economy; it has defined the field. The others represent some of the best reflections in existence on the meaning of Keynesian theory and the role of money in the economic system."- Kenneth J. Arrow, Joan Kennedy Professor of Economics and Professor of Operations Research, Stanford University
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Equilibrium and Macroeconomics
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Equilibrium and Macroeconomics
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Equilibrium and Macroeconomics
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Equilibrium and Macroeconomics.
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Cambridge: MIT Press, 1984., 1984
ISBN 10: 0262081490
ISBN 13: 9780262081498
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Hardcover. Condition: Near Fine. Dust Jacket Condition: Near Fine. 1st Edition. First Edition, American issue. viii, 397 pp. Original cloth. Pencil marks on a few pages, else Near Fine, in near fine dust jacket. Seller Inventory # 14238