Routledge Handbook of Macroeconomic Methodology By Jesper Jespersen, Victoria Chick, Bert Tieben
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- Pages
- 268
- File size
- 7.71 MB
- Format
- Digital PDF
- Course
- Macroeconomics
- Category
- eBook[PDF]
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About this ebook
The Routledge Handbook of Macroeconomic Methodology, edited by Jesper Jespersen, Victoria Chick, and Bert Tieben, provides a comprehensive, structured overview of how macroeconomic research is constructed, taught, evaluated, and communicated. [1, 2]
The book features 29 independent contributions written by an international panel of experts. It is designed to address the deep-seated methodological differences that drive disagreements within modern macroeconomic theory. [1, 2]
The volume is organized into five core thematic sections, covering the following topics and methodologies: [1]
📘 I. Philosophy of Science Perspectives
- Core Subject: Foundations of methodology using traditional and contemporary lenses from the philosophy of science.
- Key Topics: The fundamental principles required for undertaking rigorous macroeconomic analysis. It examines how economists select theories relevant to solving real-world financial and societal crises. [1, 2]
📊 II. Concepts
- Core Subject: Critical deconstruction of standard macroeconomic terminology and building blocks.
- Key Topics: Conceptual analyses of core economic mechanics, such as the definition and adjustment processes of market equilibrium and disequilibrium, and how abstract metrics relate to actual macroeconomic environments. [1, 2, 3]
🏛️ III. Schools of Thought
- Core Subject: Comparative analysis of competing theoretical frameworks. [1, 2]
- Key Topics:
- The methodology of Neoclassical Economics (clarifying the distinction between "orthodox", "mainstream", and "neoclassical" approaches).
- The specific research, analytical framework, and method employed by John Maynard Keynes in The General Theory.
- Comparative arguments behind various heterodox vs. orthodox macroeconomic schools. [1]
📈 IV. Modelling, Econometrics and the Real World
- Core Subject: Practical execution and empirical translation of theory.
- Key Topics: Theory construction vs. empirical appraisal. It covers the methodology behind macroeconomic forecasting and the challenges of translating mathematical or econometric modeling constraints to a constantly shifting real-world economy. [1, 2, 3]
🎓 V. Teaching and Communication of Macroeconomics
- Core Subject: Disseminating macroeconomic knowledge outside of pure research spaces.
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