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Beyond Microfoundations discusses the foundations for a post-Walrasian macroeconomics and, in doing so, carries the work of Robert Clower and Axel Leijonhufvud to the present. This book spells out both why an alternative approach to macro is needed, and what the essence of the approach will be. This post-Walrasian approach to macro is neither Keynesian nor Classical, both of which have Walrasian foundations, but it offers an approach to macro in which Walrasian economics is turned on its head. Specifically, it rejects the Walrasian ad hoc assumptions of the existence of a unique equilibrium and of simple dynamics. That rejection leads one to a fundamentally different conception of macro than most macroeconomics have implicit in their formal model. Post-Walrasian macroeconomics offers a vision of macro in which micro foundations devoid of an explicit macro context have no place, but one in which institutions have a fundamental role. Post-Walrasian macroeconomics provides a foundation for an alternative macroeconomics for the twenty-first century built on the edges of chaos.

Macroeconomics --- Walras, Léon --- Macroeconomics. --- Microeconomics. --- Economics, Mathematical. --- Walras, Leon, --- Walras, Léon, --- Business, Economy and Management --- Economics --- Walras, Léon, - 1834-1910. --- Walras, Léon, --- Mathematical economics --- Econometrics --- Mathematics --- Price theory --- Methodology --- Walras, Marie Esprit Léon,

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Economic order --- Economists --- Economics --- Study and teaching --- History --- Vocational guidance --- AA / International- internationaal --- 330.3 --- economie --- macro-economie --- onderwijsmethoden --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics. --- Social scientists --- Economic theory --- Political economy --- Social sciences --- Economic man --- Study and teaching&delete& --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- Economics - Study and teaching - History --- Economics - Vocational guidance

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Macroeconomics --- Economics

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Economists seem to be everywhere in the media these days. But what exactly do today's economists do? What and how are they taught? Updating David Colander and Arjo Klamer's classic The Making of an Economist, this book shows what is happening in elite U.S. economics Ph.D. programs. By examining these programs, Colander gives a view of cutting-edge economics--and a glimpse at its likely future. And by comparing economics education today to the findings of the original book, the new book shows how much--and in what ways--the field has changed over the past two decades. The original book led to a reexamination of graduate education by the profession, and has been essential reading for prospective graduate students. Like its predecessor, The Making of an Economist, Redux is likely to provoke discussion within economics and beyond. The book includes new interviews with students at Harvard, Princeton, Stanford, MIT, Chicago, and Columbia. In these conversations, the students--the next generation of elite economists--colorfully and frankly describe what they think of their field and what graduate economics education is really like. The book concludes with reflections by Colander, Klamer, and Robert Solow. This inside look at the making of economists will interest anyone who wants to better understand the economics profession. An indispensible tool for anyone thinking about graduate education in economics, this edition is complete with colorful interviews and predictions about the future of cutting-edge economics.

475 --- -Graduate students --- -330.071173 --- Onderwijs van de politieke, economische en sociale wetenschappen. --- Graduate students --- Economists --- Economics --- Economic theory --- Political economy --- Social sciences --- Economic man --- Study and teaching (Graduate) --- United States --- 330.071173 --- 330.08 --- AA / International- internationaal --- US / United States of America - USA - Verenigde Staten - Etats Unis --- Economisten --- Onderwijs van de politieke, economische en sociale wetenschappen --- United States of America

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Complexity science-made possible by modern analytical and computational advances-is changing the way we think about social systems and social theory. Unfortunately, economists' policy models have not kept up and are stuck in either a market fundamentalist or government control narrative. While these standard narratives are useful in some cases, they are damaging in others, directing thinking away from creative, innovative policy solutions. Complexity and the Art of Public Policy outlines a new, more flexible policy narrative, which envisions society as a complex evolving system that is uncontrollable but can be influenced.David Colander and Roland Kupers describe how economists and society became locked into the current policy framework, and lay out fresh alternatives for framing policy questions. Offering original solutions to stubborn problems, the complexity narrative builds on broader philosophical traditions, such as those in the work of John Stuart Mill, to suggest initiatives that the authors call "activist laissez-faire" policies. Colander and Kupers develop innovative bottom-up solutions that, through new institutional structures such as for-benefit corporations, channel individuals' social instincts into solving societal problems, making profits a tool for change rather than a goal. They argue that a central role for government in this complexity framework is to foster an ecostructure within which diverse forms of social entrepreneurship can emerge and blossom.

Economic policy and planning (general) --- Economic policy --- Complexity (Philosophy) --- Evolutionary economics --- Policy sciences --- Economic policy. --- Evolutionary economics. --- Policy sciences. --- #SBIB:33H000 --- #SBIB:35H006 --- #SBIB:17H25 --- Policy-making --- Policymaking --- Public policy management --- Economics --- Philosophy --- Emergence (Philosophy) --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Economie: algemene werken --- Bestuurswetenschappen: theorieën --- Sociale wijsbegeerte: economische orde en arbeid --- Social change --- Political philosophy. Social philosophy --- E-books --- Brian Arthur. --- I Pencil. --- Leonard Reed. --- Santa Fe Institute. --- Stephen Wolfram. --- activist laissez-faire policy. --- bottom-up solutions. --- complexity economics. --- complexity frame. --- complexity models. --- complexity policy. --- complexity science. --- complexity theory. --- complexity. --- computational tools. --- economic models. --- economic policy. --- economics. --- ecostructure. --- education. --- free market. --- game theory. --- government policy. --- government. --- laissez-faire. --- macroeconomics. --- market duality. --- microeconomics. --- neoclassical economics. --- norms policy. --- policy framework. --- policymakers. --- policymaking. --- scientific theory. --- social entrepreneurship. --- social policy. --- social systems. --- social theory. --- society.