상세정보

CONTENTS
Acknowledgments = ⅹ
Part Ⅰ. Why representative agents?
 1. INTRODUCTION = 3
  Macroeconomics = 3
  What is a representative agent model? = 4
  Plan of the book = 6
 2. THE ORIGINS OF THE REPRESENTATIVE AGENT = 9
  The birth of the representative agent = 9
  The critique and abandonment of the representative firm = 12
  Modern lessons = 16
 3. ARGUMENT FOR THE NEW CLASSICAL USE OF REPRESENTATIVE AGENT MODELS = 19
  The return of the representative agent model = 19
  The first new classical representative agent model = 20
  The Lucas critique = 23
  The Walrasian tradition = 26
  Microfoundations = 29
  Discussion = 30
Part Ⅱ. The Lucas critique
 4. BEYOUND TASTE AND TECHNOLOGY PARAMETERS IN MACROECONOMICS = 33
  The Lucas critique = 33
  Theoretical considerations = 34
  An examination of Lucas(1976) = 37
  An example = 40
  Additional notes = 47
  Representative agents and the Lucas critique = 52
  Is it time to dispense with the Lucas critique? = 53
Part Ⅲ. The Walrasian tradition
 5. WALRASIAN METHODOLOGY = 59
  Walrasian and Marshallian traditions = 59
  Walrasian methodology = 59
  The role of mathematics = 62
  Assumptions in Walrasian methodology = 64
  The representative agent assumption = 66
  The fundamental theorems? = 68
 6. MARSHALLIAN METHODOLOGY = 73
  Introduction = 73
  Mathematics in Marsballian methodology = 75
  The role of assumptions = 77
  Partical equilibrium = 78
  Milton Friedman = 80
  The representative agent = 82
 7. THE NEW CLASSICALS AS WALRASIAN ECONOMISTS = 84
  The methodology of new classical economics = 84
  New classical methodological statements = 84
  Friedaman's comments on Lange = 91
  The new classical representative agent in a Walrasian model = 101
Part Ⅳ. Microfundations
 8. MICROFOUNDATIONS: AUSTRIAN STYLE = 105
  Introduction = 105
  Austrian methodology = 106
  The Austria rejection of macroeconomics = 107
  The representative agent = 113
  Ideal types and representative agents = 115
  Addendum = 117
 9. THE TRADITIONAL CASE FOR MICROFOUNDATIONS = 120
  Introduction = 120
  The new classicals = 120
  The microfoundations tradition = 123
  What are microfoundations anyway? = 127
  Where does the representative agent fit in? = 130
 10. THE AGGREGATION PROBLEM = 132
  The general problem = 132
  The basic theoretical results = 133
  Extensions = 135
  Responses = 142
 11. INDIVIDUAL AND MARKET EXPERIMENTS = 147
  Endogenous versus exogenous variables = 147
  An example: Hansen and Sargent(1980) = 149
  A simpler example: Hall's permanent income model = 155
  Concluding note = 157
 12. THE REPRESENTATIVE AGENT VERSUS MICROFOUNDATIONS = 158
  The argument = 158
  The monkey model = 158
  Market clearing and rational expectations = 162
  Micro theory = 166
  The fallacy of composition = 170
  Concluding note = 174
 13. THE MYTH OF MICROFOUNDATIONS = 176
  The myth = 176
  What foundation? = 177
  Aggregation gain = 182
  Theory of the firm = 184
  The macroeconomy as a social system = 186
  Gerneral equilibrium theory = 189
  Concluding note = 194
Part Ⅴ. Whither macroeconomics?
 14. AFTER REPRESENTATIVE AGENT MODELS = 197
  The end of the representative agent = 197
  Whither macroeconomics? = 200
Notes = 205
Bibliography = 211
Index = 224