Selected Essays of Axel Leijonhufvud
Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together his insightful essays dealing with the extremes of economic instability: great depressions, high inflation and the transition from socialism to a market economy. In several of the papers, Leijonhufvud brings a neo-institutionalist perspective to the problems of coordination in economic systems.
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- Macroeconomic Instability and Coordination Selected Essays of Axel Leijonhufvud
- Chapter 1: What would Keynes have thought of rational expectations?
- Chapter 2: Keynesian economics: past confusions, future prospects
- Chapter 3: Keynesianism, Monetarism and rational expectations: some reflections and conjectures
- Chapter 4: What was the matter with IS-LM?
- Chapter 5: Hicks on time and money
- Chapter 6: Monetary policy and the business cycle under 'loose' convertibility
- Chapter 7: Theories of stagflation
- Chapter 8: Inflation and economic performance
- Chapter 9: Constitutional constraints on the monetary powers of government
- Chapter 10: On the use of currency reform in inflation stabilization
- Chapter 11: High inflations and contemporary monetary theory
- Chapter 12: Notes on the theory of markets
- Chapter 13: Capitalism and the factory system
- Chapter 14: Information costs and the division of labor
- Chapter 15: Inflation and reform in the USSR
- Chapter 16: Problems of socialist transformation: Kazakhstan 1991
- Chapter 17: The nature of the depression in the former Soviet Union
- Chapter 18: Ideology and analysis in macroeconomics
- Chapter 19: Time in theory and history, or why I am not a historian
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