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Brunner and Leijonhufvud: friends or foes?

Clerc, Pierrick

2019 • In European Journal of the History of Economic Thought

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https://hdl.handle.net/2268/256471

DOI
10.1080/09672567.2018.1555606

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Keywords :

Keynesian–monetarist debate; Marshall–Walras divide; history of macroeconomics

Abstract :

[en] Karl Brunner and Axel Leijonhufvud constantly pointed out the prominence of imperfect information in macroeconomic analysis. This paper argues that, despite strong oppositions related to their rival schools of thought, this emphasis on informational problems led them to adopt similar views on many theoretical and methodological issues. These issues encompass the perception of the economic agent in society, the theory of price inflexibility and unemployment, the role of relative prices, the importance of signal-extraction problems and the position within the Marshall-Walras divide.

Disciplines :

General economics & history of economic thought

Author, co-author :

Clerc, Pierrick ; Université de Liège - ULiège > HEC Liège : UER > Macroéconomie et pensée économique

Language :

English

Title :

Brunner and Leijonhufvud: friends or foes?

Publication date :

2019

Journal title :

European Journal of the History of Economic Thought

ISSN :

0967-2567

eISSN :

1469-5936

Publisher :

Routledge, London, United Kingdom

Peer reviewed :

Peer Reviewed verified by ORBi

Available on ORBi :

since 04 February 2021

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