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Inflation, Institutions and Information

Essays in Honour of Axel Leijonhufvud

  • Book
  • © 1996

Overview

Editors:
  1. Daniel Vaz

    1. University of Uruguay, Uruguay

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  2. Kumaraswamy Velupillai

    1. The Queen’s University of Belfast, Ireland
      Statistics Norway, Norway

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About this book

Macroeconomics has undergone profound changes since the Keynesian consensus broke down in the mid-60s. Axel Leijonhufvud 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, transition dynamics and much else. He fashioned a whole series of conceptual innovations that have become part of the folklore of monetary macroeconomics. In this collection of essays distinguished colleagues and former students pay homage to this gentle intellectual giant. Issues that have featured at the centre of Axel Leijonhufvud's 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 topics discussed, empirically and theoretically, in these essays.

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Table of contents (15 chapters)

  1. Front Matter

    Pages i-xii
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  2. Introduction

    1. Introduction

      • Kumaraswamy Velupillai, Daniel Vaz
      Pages 1-9

  3. Opening Speech

    1. Opening Speech

      • Ignacio de Posades
      Pages 10-11

  4. Co-ordinating the Not-Too-Rational: Leijonhufvud’s Macroeconomic Methodologies

    1. Co-ordinating the Not-Too-Rational: Leijonhufvud’s Macroeconomic Methodologies

      • Kumaraswamy Velupillai, Lionello Punzo
      Pages 12-23

  5. Nafplion Revisited

    1. Nafplion Revisited

      • Spiro J. Latsis
      Pages 24-32

  6. Part I

    1. Front Matter

      Pages 33-33
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    2. On Truth in Teaching Macroeconomics

      • Robert W. Clower
      Pages 35-61

    3. Cash in Advance, Microfoundations in Retreat

      • Peter Howitt
      Pages 62-88

  8. Part III

    1. Front Matter

      Pages 155-155
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    2. Monetary Regimes, Inflation and Monetary Reform:

      • Michael Bordo, Lars Jonung
      Pages 157-244

    3. Financial Innovation and the Price Level: Wicksell and the New Monetary Economics

      • Luis Hernandez-Aramburo
      Pages 245-269

  9. Part IV

    1. Front Matter

      Pages 271-271
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    2. Evidence on Stabilising Speculation: Leijonhufvud on Keynes

      • Richard Sweeney
      Pages 273-289

    3. From the Hayek Hypothesis to Animal Spirits: The Phase Transition Based on Competitive Experimental Market

      • Shu-Heng Chen, Jenn-Shyong Kuo, Chu-Chia Lin
      Pages 290-318
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Editors and Affiliations

  • University of Uruguay, Uruguay

    Daniel Vaz

  • The Queen’s University of Belfast, Ireland

    Kumaraswamy Velupillai

  • Statistics Norway, Norway

    Kumaraswamy Velupillai

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