Background
WEINTRAUB, Eliot Roy was born in 1943 in New York City, New York, United States of America.
(This is the first full-length survey of current work whic...)
This is the first full-length survey of current work which examines the compatibility of microeconomics and macroeconomics. Its particular distinction is that it makes accessible, to non-specialists, those extensive modern refinements of general equilibrium theory which are linked to macroeconomics and monetary theory. Part I traces the development and interlocking nature of two scientific research prgrams, macroeconomics and neo-Walrasian analysis. The five chapters in this part examine general equilibrium theory, Keynes' contribution, the 'neoclassical synthesis', and the Clower-Leijonhufvud contributions to questions of systemic coordination. The four chapters of Part II place recent work on the micro-foundations of macroeconomics within a taxonomic scheme of Walrasian equilibrium, Walrasian disequilibrium, Edgeworthian equilibrium, and Edgeworthian disequilibrium. Part III, a single chapter, provides an overview of the subject and ventures some conclusions.
http://www.amazon.com/gp/product/0521294452/?tag=prabook0b-20
(The responses to questions such as 'What is the explanati...)
The responses to questions such as 'What is the explanation for changes in the unemployment rate?' frequently involve the presentation of a mathematical relationship, a function that relates one set of variables to another set of variables. It should become apparent that as one's understanding of functions, relationships, and variables becomes richer and more detailed, one's ability to provide explanations for economic phenomena becomes stronger and more sophisticated. The author believes that a student's intuition should be involved in the study of mathematical techniques in economics and that this intuition develops not so much from solving problems as from visualizing them. Thus the author avoids the definition-theorem-proof style in favor of a structure that encourages the student's geometric intuition of the mathematical results. The presentation of real numbers and functions emphasizes the notion of linearity. Consequently, linear algebra and matrix analysis are integrated into the presentation of the calculus of functions of several variables. The book concludes with a chapter on classical programming, and one on nonlinear and linear programming. This textbook will be of particular interest and value to graduate and senior undergraduate students of economics, because each major mathematical idea is related to an example of its use in economics.
http://www.amazon.com/gp/product/0521287693/?tag=prabook0b-20
WEINTRAUB, Eliot Roy was born in 1943 in New York City, New York, United States of America.
Bachelor of Arts Swarthmore College, Pennsylvania (Maths), 1964. Master of Science, Doctor of Philosophy (Applied Mathematics) University Pennsylvania, 1967, 1969.
Assistant Professor, Rutgers College,
1968-1970. Assistant Professor, Association Professor, Duke University, 1970-1980. Visiting Lector, University Bristol, England, 1971-1972.
Visiting Professor, University Hawaii, 1978, University of California, Los Angeles, Calif., United States of America, 1982. Professor of Economics, Duke University, Durham, North Carolina, United States of America, since 1980. Editorial Board Journal of Economic Literature,
, American Economic Review, since 1981.
(The responses to questions such as 'What is the explanati...)
(This is the first full-length survey of current work whic...)
Early work, based on my doctoral dissertation, concerned the effects of imposing random shocks on tâtonnement processes for general equilibrium models. Most result were negative in the sense that stochastic shocks destabilised tâtonnement adjustments. This led to my concern with non-tâtonnement processes based on
actual trading behaviour, in which transactions costs, information costs, and trading strategies intrude.
These ideas linked up with my work in monetary theory and, in an attempt to sort out the issues, I was led to survey the area of ‘micro-foundations of macroeconomics’. This survey also resulted from concerns with Keynes-versusKeynesian problems which I had addressed in several articles. These ideas led me to a more self-conscious analysis of just what general equilibrium analysis could, or could not, do in economics.
The result was a shift of interest to the ‘modern’ history of economic thought and method, which reached fruition with a history of competitive equilibrium theory from Wald to Debreu, and a book on appraising general equilibrium analysis. I have had a continuing secondary interest in mathematical ideas in economics, and this has led to books on game theory and mathematics for economists and, more recently, on the usefulness of catastrophe theory for economics.