Axel Stig Bengt LEIJONHUFVUD

Background

LEIJONHUFVUD, Axel Stig Bengt was born on June 9, 1933 in Stockholm. Son of Erik G. Leijonhufvud and Helene Neovius.

Education

Philosophy Kand., University Lund, 1960. Master of Arts University Pittsburgh, 1961. Doctor of Philosophy Northwestern University, 1967.

Philosophy

Doctor Causa, University Lund, 1983.

Career

Assistant Professor, of Economics, University of Calif, at Los Angeles (University of California, Los Angeles) 1964-1967, Association Professor 1967-1971, Professor, of Economics since 1971, Chairman Department, of Economics 1980-1983, since 1990. Visiting Professor Stockholm School of Economical Commerce 1979-1980, 1986, 1987, Institute for Advanced Studies, Vienna 1976, 1987, Institute for Advanced Studies, Jerusalem 1987, Nihon University Tokyo 1980, European University Institute, Florence 1982, 1986-1987, 1989, Istituto Tocuato di Telia, Buenos Aires 1989. Standiger Gastprof. University of Konstanz 1982-1985.

Other professional appointments, committee memberships et cetera

Brookings Institute Fellow 64. Marshall Lecturer, University of Cambridge 1974.

Overseas Fellow, Churchill College Cambridge 1974. Institute for Advanced Study Fellow 1983-1984.

Professional.

Achievements

• Brookings Fellow, Brookings Institute, Institution, 1963-1964. Overseas Fellow, Churchill College Cambridge, 1974. Member, Institute, Institution Advanced Study, Princeton University, 1983-1984.

Works

More photos

• book

  • Macroeconomic Instability and Coordination: Selected Essays of Axel Leijonhufvud (Economists of the Twentieth Century series)

    (This collection draws together Leijonhufvud's essays deal...)

  • High Inflation: The Arne Ryde Memorial Lectures

    (This book looks at very high inflations, exemplified by t...)

  • Keynes and the Classics: Two Lectures on Keynes' Contribution to Economic Theory

    (This publication comprises a reappraisal of the work of J...)

  • On Keynesian Economics and the Economics of Keynes: A Study in Monetary Theory

    (1)

  • Keynes and the classics : two lectures on Keynes' contribution to economic theory
  • Monetary Theory and Policy Experience (International Economic Association Confer
  • On Keynesian Economics and the Economics of Keynes: A Study in Monetary Theory by Leijonhufvud, Axel (1968) Hardcover
  • (Monetary Theory as a Basis for Monetary Policy ) Author: Axel Leijonhufvud Oct-2001
  • High Inflation: The Arne Ryde Memorial Lectures by Daniel Heymann (1995-05-18)
  • On Keynesian Economics and the Economics of Keynes: A Study in Monetary Theory by Leijonhufvud, Axel(December 31, 1968) Hardcover
  • On Keynesian Economics and the Economics of Keynes: A Study in Monetary Theory by Axel Leijonhufvud (1968-12-31)
  • High Inflation : The Arne Ryde Memorial Lectures (Hardcover)--by Leijonhufvud Heymann 1995 Edition

Views

My early work was concerned with unemployment and with business fluctuations. Concern with inflation came later. I see these macroeconomic problems as problems of co-ordination in large, complex systems

Company-ordination should be treated as problematic: we deal with systems that sometimes do very well and sometimes do very badly at lieutenant Yet, in trying to develop this conception, one finds that inherited theories are of little help — ‘Keynesian’ ones portray economies that cannot succeed, ‘neoclassical’ ones economies that cannot fail to co-ordinate activities. This conception of the theoretical situation was argued in my 1968 book and also informs most of the essays in the 1981 collection. The 1968 book already makes use of the history of economics in a way that I have often adopted more selfconsciously later.

One way to understand the relationship between two branches of economics such as neoclassical and Keynesian theory, or between two schools in some interminable controversy such as the monetarist one, is to construct a mathematical model general enough to feature the contestants as special cases. Alternatively, one may think of the history of the subject as a decision-tree with the current contestants querously twittering away from different twigs and branches. By backtracking down the tree one can understand current differences as the product of sequences of decisions (e.g. to assume A rather than B) stemming from the influential contributions of the past

The latter method can some- times get it right when the fomer has failed. Since about 1974 (‘Costs and Consequences of Inflation’ in the 1981 collection), my main concern has been inflation and other problems of monetary instability. Mostly I have tried to understand better the consequences (as opposed to the causes) of inflation. I am more of an ‘alarmist’ on this subject than most American macroeconomists.

Interests

• 020 General Economic Theory. 311 Domestic Monetary Theory. 031 History of Economic Thought.

Connections

Married 1st Marta East. Ising in 1955 (divorced in 1977), 2nd Earlene J. Craver in 1977.

Father:

Erik G. Leijonhufvud

Mother:

Helene Neovius

Spouse:

Marta East. Ising