The present macroeconomic crisis has demonstrated that a deeper understanding of the importance of relevant macroeconomic theories and methods is wanting. Additionally, lack of methodological awareness is behind much of the disagreement within macroeconomics which, looked upon from outside, often appears incomprehensible.
The Handbook gives a structured presentation of the study of principles and procedures by which macroeconomics is researched, taught and communicated both within academia and to a wider audience, and why specific theories, research strategies and teaching are preferred. The principles of selecting theory relevant to real-world problems are the core of methodology. This book contains a broad range of arguments behind theory construction and appraisal and the consequences of these choices within the field of macroeconomics.
An international range of experts provide clear analysis of key concepts, ideas and principles to give academics, students and others a better understanding of the macroeconomics behind policy conclusions which are put forward at different levels.
Author(s): Jesper Jespersen, Victoria Chick, Bert Tieben
Series: Routledge International Handbooks
Publisher: Routledge
Year: 2023
Language: English
Pages: 379
City: London
Cover
Half Title
Title Page
Copyright Page
Dedication
Table of Contents
List of Illustrations
List of Contributors
Preface: How to use this Handbook and Acknowledgments
Introduction: The Scope and Content of the Handbook
Part I: Philosophy of Science Perspectives
1 Methodological Individualism and Macroeconomics
2 Deduction, Induction and Abduction
3 Instrumentalism
4 From Positivism to Naturalism in Macroeconomics
5 Holism and the Fallacy of Composition in Macroeconomics
6 Macroeconomics and Ethics
Part II: Concepts
7 Time in Macroeconomics
8 Uncertainty and Macroeconomic Methodology
9 Path Dependency
10 Equilibrium
11 Causality and Macroeconomics
12 Microeconomic Foundations of Macroeconomics
13 Open and Closed Systems
14 Money and Macroeconomic Methodology
Part III: Schools of Thought
15 Classical Political Economy
16 Neoclassical Macroeconomics
17 Keynes’s Macroeconomic Method
18 Post-Keynesian Methodology
19 Complexity, Policymaking, and the Austrian Denial of Macroeconomics
20 What was Marx’s Method, Actually?
21 Methodological Pluralism in Macroeconomics
Part IV: Models, Econometrics and Measurement
22 Use of Mathematics in Macroeconomic Analysis
23 Explanation and Forecasting
24 Using Macroeconomic Models in Policy Practice: The Relationship between Models and Reality
25 Traditional Methods of Macroeconometrics
26 Macro econometrics: The Cointegrated VAR Methodology
27 National Accounts and Macroeconomic Methodology
Part V: Communicating Macroeconomics
28 The Rhetorical Perspective on Macroeconomics: Macroeconomics is Good for Making Sense of the Macroeconomy
29 Teaching Macroeconomic Methodology
Name Index
Index
