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The Modern Macroeconomic Approach and the Arrow-Debreu-McKenzie Model
Kartik B. Athreya
in Big Ideas in Macroeconomics: A Nontechnical View
- Published in print:
- 2013
- Published Online:
- May 2014
- ISBN:
- 9780262019736
- eISBN:
- 9780262314404
- Item type:
- chapter
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262019736.003.0002
- Subject:
- Economics and Finance, Macro- and Monetary Economics
How do macroeconomists talk to each other? What is the benchmark macroeconomic model? What’s a way to think about societal outcomes that are (i) not wasteful and (ii) stable?
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