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Post Walrasian Macro Policy and the Economics of Muddling Through

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  • David Colander

Abstract

This paper expands on my earlier discussion of Post Walrasian macroeconomics policy. (Colander and van Ess 1996) First, it defines what I mean by Post Walrasian macroeconomics. Second, it discusses some of the theoretical differences between Post Walrasian and Walrasian macro theorizing as they relate to policy. Finally, it discusses how an acceptance of Post Walrasian economics might change the focus of macro policy discussions.

Suggested Citation

  • David Colander, 2003. "Post Walrasian Macro Policy and the Economics of Muddling Through," Middlebury College Working Paper Series 0322r, Middlebury College, Department of Economics.
    • Handle: RePEc:mdl:mdlpap:0322r
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    File URL: http://www.middlebury.edu/services/econ/repec/mdl/ancoec/0322R.pdf
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    References listed on IDEAS

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    1. Chari, V.V. & Kehoe, Patrick J., 1999. "Optimal fiscal and monetary policy," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 26, pages 1671-1745, Elsevier.
    2. David Colander, 2003. "Muddling through and policy analysis," New Zealand Economic Papers, Taylor & Francis Journals, vol. 37(2), pages 197-215.
    3. David Colander, 2018. "The Death Of Neoclassical Economics," Chapters, in: How Economics Should Be Done, chapter 5, pages 46-62, Edward Elgar Publishing.
    4. David Colander, 1999. "A Post-Walrasian Explanation of Wage and Price Inflexibility and a Keynesian Unemployment Equilibrium System," Palgrave Macmillan Books, in: Mark Setterfield (ed.), Growth, Employment and Inflation, chapter 15, pages 211-225, Palgrave Macmillan.
    5. Joseph E. Stiglitz, 1993. "Post Walrasian and Post Marxian Economics," Journal of Economic Perspectives, American Economic Association, vol. 7(1), pages 109-114, Winter.
    6. Bowles,Samuel & Gintis,Herbert & Gustafsson,Bo (ed.), 1993. "Markets and Democracy," Cambridge Books, Cambridge University Press, number 9780521432238, September.
    7. Mark Setterfield (ed.), 1999. "Growth, Employment and Inflation," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-27393-5, March.
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    Cited by:

    1. Bill Gibson, 2007. "A Multi-Agent Systems Approach to Microeconomic Foundations of Macro," UMASS Amherst Economics Working Papers 2007-10, University of Massachusetts Amherst, Department of Economics.
    2. Christopher A. Hartwell, 2017. "Understanding “Development”: Insights from Some Aspects of Complexity Theory," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 34(2), pages 165-190, November.
    3. Peter Hans Matthews, 2004. "Who is Post-Walrasian Man?," Middlebury College Working Paper Series 0412, Middlebury College, Department of Economics.
    4. DeMartino, George & Grabel, Ilene & Scoones, Ian, 2024. "Economics for an uncertain world," World Development, Elsevier, vol. 173(C).
    5. Bill Gibson, 2008. "The Current Macroeconomic Crisis," UMASS Amherst Economics Working Papers 2008-02, University of Massachusetts Amherst, Department of Economics.

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