MACROECONOMICS AND IMPERFECT COMPETITION

国际图书馆啊f Critical Writings in Economics series

Edited by Jean-Pascal Bénassy, Directeur de Recherches, CNRS and Research Fellow, CEPREMAP, Paris, France

The macroeconomics of imperfect competition is a field which has witnessed an almost exponential growth in the last twenty years. The reason for this success is simple as this field combines two important, and hitherto incompatible, features: On one hand, like Walrasian or new classical macroeconomics it has fully rigorous microeconomic foundations. On the other hand, like Keynesian macroeconomics (which itself lacked such foundations) it can produce underemployment of resources and macroeconomic coordination failures. This successful blend of the General Equilibrium, Keynesian and Imperfect Competition traditions has become a most influential paradigm in macroeconomics.

‘This is an outstanding and excellent collection, which is edited by one of the leading researchers in the field. . . . This volume will make an excellent reference book for any graduate macroeconomics course, and for those wishing to do research in the area.’
– Huw Dixon, Economic Journal

‘. . . Bénassy has written a fine introduction, including an extensive bibliography. The collection of articles makes it possible for the reader to duplicate the genesis of imperfect competition macroeconomics while, at the same time, it emphasizes it central research tendencies. The book is carefully edited and a main contribution to this - still expanding- scientific area. It is highly recommended as a ‘handbook’ to lecturers teaching and researchers working on imperfect competition macroeconomics. Furthermore, it offers a useful introduction for interested economists and (graduate) students.’
– Holger Wacker, Kyklos