This book is an investigation of the methodological and
epistemological foundations of macroeconomic theory, based on an
examination of the theories of Keynes and Lucas. It is divided into
two parts. In the first Professor Vercelli discusses the
methodological issues which lie behind the conflict among different
schools of thought in macroeconomics equilibrium and
disequilibrium, risk and uncertainty, rationality and causality.
These issues are central to the current debate not only in many
branches of economics, but also in other scientific disciplines.
The traditional point of view of science based on equilibrium,
stability and determinism has been increasingly challenged by a new
point of view in which disequilibrium, instability and uncertainty
play a crucial role. This, the author argues, is bound to put
macroeconomics in a new, more promising position. In the second
part of the book the author compares the two main alternative
research programmes in macroeconomics: that outlined by Keynes in
his ''General Theory'', and that suggested by Lucas, the leader of
the new classical economists.
目錄：
Preface
1. Introduction
Part I. Methodological Foundations Of Macroeconomics:
2. Equilibrium, disequilibrium and economic theory
3. Dynamic instability and economic models
4. Structural instability and economic change
5. Uncertainty, predictability and flexibility
6. Rationality and expectations
7. Probabilistic causality and economic analysis: Suppes, Keynes,
Granger
Part II. Keynes After Lucas:
8. Lucas''s scientific paradigm
9. Lucas''s heuristic model
10. The real equilibrium business cycle and Lucas''s attempt at a
synthesis
11. Keynes''s heuristic model: general observations
12. Money and production in Schumpeter and Keynes: Two
dichotomies
13. Keynes''s heuristic model: methodological aspects
14. Conclusions
References
Index
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