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Isolation and Aggregation in Economics

Author: Ekkehart Schlicht
Publisher: Berlin, Heidelberg : Springer Berlin Heidelberg, 1985.
Edition/Format:   eBook : Document : EnglishView all editions and formats
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Ekkehart Schlicht
ISBN: 9783642702983 3642702988 9783642703003 3642703003
OCLC Number: 858930124
Description: 1 online resource
Contents: 1. The Setting of the Argument --
1.1 Two Characteristics of Economic Analysis --
1.2 The Provisional Nature of Economic Data --
1.3 Intricacies in Macroeconomic Analysis --
1.4 Isolation and Aggregation --
2. On Isolation --
2.1 The Heuristic View --
2.2 The Isolating Approach --
2.3 Substantive Isolation --
2.4 Hypothetical Isolation --
2.5 Economic Thinking --
3. The Moving Equilibrium Method --
3.1 Economic Equilibrium --
3.2 Moving Equilibria --
3.5 Hicks-d'Alembert's Principle --
4. Econometric Implications --
4.1 Linking Theory and Empirical Evidence --
4.2 Invariances in Coefficients Versus Invariances in Their Stability --
4.3 Estimation in a Linear Model with Random Walk Coefficients --
4.4 Unsettled Problems --
5. The Nature of Macroeconomic Laws --
5.1 On Reductionism --
5.2 The Macroeconomic Method --
5.3 Closed Aggregation and the Context Dependency of Economic Laws --
5.4 Qualitative Differences Between Microeconomic and Macroeconomic Laws --
5.5 Hermeneutic Aggregation --
5.6 Adequate Aggregation --
6. Epilogue: Economic Imagination --
References --
Author Index.
Responsibility: by Ekkehart Schlicht.

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