The History of Macroeconomics Viewed against the Background of the Marshall-Walras Divide

@article{Vroey2004TheHO,
  title={The History of Macroeconomics Viewed against the Background of the Marshall-Walras Divide},
  author={Michel de Vroey},
  journal={History of Political Economy},
  year={2004},
  volume={36},
  pages={57 - 91}
}
  • M. D. Vroey
  • Published 2004
  • Economics
  • History of Political Economy
Analysing the recent history of macroeconomics, my paper claims that the new classical revolution should be viewed as a substitution of Walrasian macroeconomics to the earlier prevailing Marshalian macroeconomics. The first part of the paper is concerned with two conceptual prerequisites, the relationship between macroeconomics and general equilibrium, the meaning of the “Keynesianism” modifier. In a second part, the different facets of the Marshall-Walras divide are expounded. My general claim… 

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