Issues in Contemporary Macroeconomics and Distribution

Front Matter....Pages i-xxviii
Quo Vadis Macroeconomics? Issues, Tensions and Challenges....Pages 1-100
Front Matter....Pages 101-101
Theoretical Issues in Macroeconomics....Pages 103-133
Distributive Justice and Desirable Ends of Economic Activity....Pages 134-156
The Theory of Normal Prices and Reconstruction of Economic Theory....Pages 157-165
Front Matter....Pages 168-168
Non-Walrasian Foundations of Macroeconomics....Pages 169-183
A Non-Walrasian Model of Employment with Partial Price Flexibility and Indexation....Pages 184-196
Keynesian Unemployment as Non-Walrasian Equilibria....Pages 197-215
A Micro-Macroeconomic Analysis Based on a Representative Firm: Progress Report....Pages 216-232
Front Matter....Pages 233-233
The New Classical Economics—A Game-theoretic Critique....Pages 235-257
On the Assumption of Convergent Rational Expectations....Pages 258-269
Recent Perspectives in and on Macroeconomics....Pages 270-286
Front Matter....Pages 287-287
Did Mainstream Econometric Models Fail to Anticipate the Inflationary Surge?....Pages 289-296
Disinflation....Pages 297-323
Monetarism-A View from a Central Bank....Pages 324-332
Front Matter....Pages 333-333
Theories of Income Distribution in Developed Countries....Pages 335-365
Marginal Productivity, a Rehabilitation....Pages 366-377
The Theory of Economic Growth: From Steady States to Uneven Development....Pages 378-394
Some Observations on the Engine and Fuel of Economic Growth....Pages 395-428
The Asset Price Approach to the Analysis of Capital Income Taxation....Pages 429-443
A Longer-term Perspective on Macroeconomics and Distribution: Time, Expectations, and Incentives....Pages 444-458
Back Matter....Pages 459-465