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Macroeconomic Methodology

Author

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  • Jesper Jespersen

Abstract

Jesper Jespersen presents a treatise on the importance of the choice of methodology within macroeconomics. Given that no scientifically based macroeconomic policy recommendation should be established without an evaluation of the methods employed, this book gives a clear exposition of how proper macroeconomic analysis should be undertaken. Furthermore, it is convincingly argued that one of the lasting contributions of John Maynard Keynes was his emphasis on methodology; that macroeconomic consequences of uncertainty could not be analysed within the established general equilibrium framework. It is due to post-Keynesian economics supported by critical realism that the understanding of Keynes’s methodology has been resurrected, which has eventually resulted in renewed debate on realistic macroeconomic policies to restore full employment without inflation.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Jesper Jespersen, 2009. "Macroeconomic Methodology," Books, Edward Elgar Publishing, number 4109.
    • Handle: RePEc:elg:eebook:4109
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    File URL: https://www.elgaronline.com/view/9781845427368.xml
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    Citations

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    Cited by:

    1. Stefan Voss, 2012. "When Keynes and Minsky meet Mandelbrot . . ," Chapters, in: Jesper Jespersen & Mogens Ove Madsen (ed.), Keynes’s General Theory for Today, chapter 7, pages 113-130, Edward Elgar Publishing.
    2. Piet Keizer, 2017. "A multidisciplinary-economic framework of analysis," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 11(1), pages 103-132, November.
    3. Thomas Goda, 2013. "The role of income inequality in crisis theories and in the subprime crisis," Working Papers PKWP1305, Post Keynesian Economics Society (PKES).
    4. cho, hyejin, 2014. "Macro Micro Model with a Post-keynesian Perspective in the banking industry," MPRA Paper 56119, University Library of Munich, Germany.
    5. Peter Skott, 2018. "Challenges for post-Keynesian macroeconomics," UMASS Amherst Economics Working Papers 2018-03, University of Massachusetts Amherst, Department of Economics.
    6. Jerry Courvisanos, 2012. "Political Economy of Innovation and Sustainable Development," Chapters, in: Blandine Laperche & Nadine Levratto & Dimitri Uzunidis (ed.), Crisis, Innovation and Sustainable Development, chapter 8, Edward Elgar Publishing.

    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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