Inflation, Institutions and Information

Essays in Honour of Axel Leijonhufvud

  • Daniel Vaz
  • Kumaraswamy Velupillai

Table of contents

  1. Front Matter
    Pages i-xii
  2. Introduction

    1. Kumaraswamy Velupillai, Daniel Vaz
      Pages 1-9
  3. Opening Speech

    1. Ignacio de Posades
      Pages 10-11
  4. Co-ordinating the Not-Too-Rational: Leijonhufvud’s Macroeconomic Methodologies

  5. Nafplion Revisited

    1. Spiro J. Latsis
      Pages 24-32
  6. Part I

    1. Front Matter
      Pages 33-33
    2. Robert W. Clower
      Pages 35-61
  7. Part II

  8. Part III

    1. Front Matter
      Pages 155-155
    2. Michael Bordo, Lars Jonung
      Pages 157-244
  9. Part IV

    1. Front Matter
      Pages 271-271
  10. Part V

  11. Back Matter
    Pages 399-410

About this book


Macroeconomics has undergone profound changes since the Keynesian consensus broke down in the mid-60s. Axel Leijonhufvud belonged to that core group of distinguished macroeconomists who wrought the changes that brought back the classical questions to the subject: microfoundations, money, markets, institutions, information, transition dynamics and much else. He fashioned a whole series of conceptual innovations that have become part of the folklore of monetary macroeconomics. In this collection of essays distinguished colleagues and former students pay homage to this gentle intellectual giant. Issues that have featured at the centre of Axel Leijonhufvud's research for over 30 years are discussed by the contributors. History of thought, philosophy of science and transition dynamics in addition to the more central issues of money, inflation, monetary regimes, information, institutions, microfoundations, increasing returns and stabilizing speculation are some of the central topics discussed, empirically and theoretically, in these essays.


Adam Smith economic system economics equilibrium general equilibrium Inflation John Maynard Keynes Keynes macroeconomics monetary economics money Transition

Editors and affiliations

  • Daniel Vaz
    • 1
  • Kumaraswamy Velupillai
    • 2
    • 3
  1. 1.University of UruguayUruguay
  2. 2.The Queen’s University of BelfastIreland
  3. 3.Statistics NorwayNorway

Bibliographic information