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What did it mean for Lucas to set up "useful" analogue systems?

Galbács, Peter - 2020

This paper provides a look into what Lucas meant by the term 'analogue systems' and how he conceived making them useful. It is argued that any model can be regarded as an analogue system provided it has remarkable predictive success. The term is thus neutral in terms of usefulness. To be useful,...

Persistent link: https://www.econbiz.de/10012207597

Karl Brunner's philosophy of science : macroeconomics through the lens of logical empiricism

Hoover, Kevin D. - 2018

econometrics, microfoundations, and the New Classical macroeconomics. …

Persistent link: https://www.econbiz.de/10011903527

Clower's about-face regarding the "Keynesian Revolution"

Plassard, Romain - 2015

Robert W. Clower's article "The Keynesian Counter - Revolution: A Theoretical Appraisal" (1965) deeply influenced the course of Keynesian macroeconomics by contributing to the transition from IS/LM macroeconomics to fix - price theories. Des pite this influence, no scholar proposed to explain...

Persistent link: https://www.econbiz.de/10011602774

Disequilibrium as the origin, originality, and ambivalences of Clower's microfoundations of monetary theory

Plassard, Romain - 2016

Robert W. Clower's article "A Reconsideration of the Microfoundations of Monetary Theory" (1967) deeply influenced the … for disequilibrium microfoundations to Keynesian macroeconomics. Third, Clower's (1967) project was to formulate a …

Persistent link: https://www.econbiz.de/10011609470

Reductionism in economics : causality and intentionality in the microfoundations of macroeconomics

Hoover, Kevin D. - 2014 - revised 7 February 2014

economics - the so-called microfoundations of macroeconomics - is adequately to ground or replace higher level causal analysis …. The paper will attempt to understand the key issues surrounding the microfoundations of macroeconomics from a perspectival … realist perspective that elucidates the relationship between economists' methodological preference for microfoundations and …

Persistent link: https://www.econbiz.de/10011706671

Foundations or bridges? : a review of J.E. King's The microfoundations delusion: metaphor and dogma in the history of macroeconomics

Hoover, Kevin D. - 2013

A review of J.E. King's The Microfoundations Delusion: Metaphor and Dogma in the History of Macroeconomics. …

Persistent link: https://www.econbiz.de/10011707343