Macroeconomic Instability and Coordination: Selected Essays of Axel Leijonhufvud

Macroeconomic Instability and Coordination: Selected Essays of Axel Leijonhufvud
ISBN-10
1781008396
ISBN-13
9781781008393
Category
Business & Economics
Pages
400
Language
English
Published
2000
Publisher
Edward Elgar Publishing
Author
Axel Leijonhufvud

Description

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. The papers within Macroeconomic Instability and Coordination some of them already considered classics, deal with the questions that dominated Leijonhufvud's interest throughout his career as an economist: what are the limits to an economy's capacity to coordinate the activities of its members? How does the behavior of the system change under extreme conditions? In what ways does its performance depend upon the institutions that govern the market process?

Similar books