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Episodes in a Century of Macroeconomics


  • A. Leijonhufvud.


The author considers some episodes in the development of macroeconomic theory in the last century. Special attention is paid to the conceptions, which from the author’s point of view constitute an alternative to the neoclassical mainstream. The author explores the state of modern macroeconomics analyzing its advantages and drawbacks and trying to formulate the main directions for the future research.

Suggested Citation

  • A. Leijonhufvud., 2006. "Episodes in a Century of Macroeconomics," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 11.
  • Handle: RePEc:nos:voprec:2006-11-2

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    References listed on IDEAS

    1. Blaug,Mark, 1997. "Economic Theory in Retrospect," Cambridge Books, Cambridge University Press, number 9780521577014, March.
    2. Bernard Walters & David Young, 1999. "Is Critical Realism the Appropriate Basis for Post Keynesianism?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 22(1), pages 105-123, September.
    3. Downward, Paul, 2000. "A Realist Appraisal of Post-Keynesian Pricing Theory," Cambridge Journal of Economics, Oxford University Press, vol. 24(2), pages 211-224, March.
    4. Marina Colonna & Harald Hagemann, 1995. "The Economics of F.A. Hayek," Books, Edward Elgar Publishing, volume 0, number 101.
    5. Kilpatrick, Andrew & Lawson, Tony, 1980. "On the Nature of Industrial Decline in the UK," Cambridge Journal of Economics, Oxford University Press, vol. 4(1), pages 85-102, March.
    6. Runde, Jochen, 1998. "Assessing Causal Economic Explanations," Oxford Economic Papers, Oxford University Press, vol. 50(2), pages 151-172, April.
    7. Baert, Patrick, 1996. "Realist Philosophy of the Social Sciences and Economics: A Critique," Cambridge Journal of Economics, Oxford University Press, vol. 20(5), pages 513-522, September.
    8. Stephanie Blankenburg & Clive Lawson & Tony Lawson & Paul Lewis & Stephen Pratten & Jochen Runde, 2002. "Introduction," Cambridge Journal of Economics, Oxford University Press, vol. 26(6), pages 679-681, November.
    9. Hodgson, Geoff, 1989. "Institutional Rigidities and Economic Growth," Cambridge Journal of Economics, Oxford University Press, vol. 13(1), pages 79-101, March.
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    Cited by:

    1. G. Fagiolo & A. Roventini., 2009. "On the Scientific Status of Economic Policy: A Tale of Alternative Paradigms," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 6.
    2. Michel, DE VROEY, 2007. "Marshallian and Walrasian Theory, Complementary or Alternative Approaches ? The Views in Presence," Discussion Papers (ECON - Département des Sciences Economiques) 2007002, Université catholique de Louvain, Département des Sciences Economiques.
    3. Michel De Vroey, 2010. "Getting rid of Keynes ? A survey of the history of macroeconomics from Keynes to Lucas and beyond," Working Paper Research 187, National Bank of Belgium.

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