Macroeconomics as Systems Theory

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Beschreibung

This book examines macroeconomic theory from an analytical framework provided by theories of complex systems, in contrast to conventional theories founded on aggregation. The resulting difference in analytical perspectives is huge: the macro level of society is not pursued through aggregation over micro entities. To the contrary, the micro-macro relation is treated as one of parts-to-whole, and this relation is approached from within an ecological scheme of thought. A society is a complex ecology of plans. That ecology, however, is not reducible to a single plan.

Conventional macro theory presents a national economy as a collection of such aggregate variables as output, employment, investment, and a price level, and seeks to develop theoretical relationships among those variables. In contrast, the social-theoretic approach to macro or social theory in this book treats the standard macro variables as having been shaped through social institutions, conventions, and processes that in turn are generated through interaction among economizing persons. The object denoted as macro is thus of a higher order of complexity than the object denoted as micro.

Über den Autor

Richard E. Wagner is Holbert L. Harris Professor of Economics at George Mason University, USA. He has authored about 30 books and monographs and 200 journal articles across a diverse spectrum of subjects in economic theory and political economy. He was the founding co-editor of Constitutional Political Economy from 1989-1997, and he is currently a member of the editorial boards of Constitutional Political Economy, the Journal of Public Finance and Public Choice, the Journal of Infrastructure, Policy, and Development, and the Review of Austrian Economics.

Zusammenfassung

Provides a significant contribution to the debate on the essence and relevance of macroeconomic analysis

Offers a novel framework for analyzing the macroeconomy, viewing it as a complex interaction among individuals, all of whom have their own individual plans

Treats the standard macro variables as having been shaped through social institutions, conventions, and processes that in turn are generated through interaction among economizing persons

Inhaltsverzeichnis

1. Macroeconomics as Systems Theory: Setting the Stage.- 2. Models of Social Order: Mechanical vs. Creative.- 3. Structures of Production and Properties of Social Order.- 4. Diachronic Action within an Ecology of Plans.- 5. Kaleidic Economies and Internally Generated Change.- 6. Entangled Political Economy within Human Population Systems.- 7. Public Policy as the Political Calculation of Economic Value.- 8. Money, Credit, and Commanding the Societal Heights.- 9. Reason, Sentiment, and Democratic Action.- 10. Liberalism, Collectivism, and Democracy.

Details

Erscheinungsjahr:	2021
Fachbereich:	Volkswirtschaft
Genre:	Recht , Sozialwissenschaften , Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Taschenbuch
Inhalt:	xiii 313 S. 3 s/w Illustr. 7 farbige Illustr. 313 p. 10 illus. 7 illus. in color.
ISBN-13:	9783030444679
ISBN-10:	3030444678
Sprache:	Englisch
Einband:	Kartoniert / Broschiert
Autor:	Wagner, Richard E.
Auflage:	1st edition 2020
Hersteller:	Springer International Publishing
Verantwortliche Person für die EU:	Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße:	210 x 148 x 18 mm
Von/Mit:	Richard E. Wagner
Erscheinungsdatum:	03.05.2021
Gewicht:	0,426 kg

Artikel-ID: 119779848