Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324073 
Year of Publication: 
2022
Citation: 
[Journal:] PSL Quarterly Review [ISSN:] 2037-3643 [Volume:] 75 [Issue:] 302 [Year:] 2022 [Pages:] 299-310
Publisher: 
Associazione Economia civile, Rome
Abstract: 
Professor Axel Leijonhufvud passed away few months ago, at the age of 89. Despite the fact that the contribution he made to economics has been widely recognized, his approach remains 'problematic' because of his dialogue and proximity with different streams of thought, and in particular with the Austrian School. This short recollection, developed from an Austrian perspective, touches only briefly on Leijonhufvud's hybrid interpretation of the Great Recession. More space is instead devoted to analysing his institutional approach to the phenomenon of inflation and its link with monetary policy and monetary regimes. Some reflections are focused on the importance of microfoundations and of studying the market process as a process of inter-temporal coordination, with a final call for humility within the economics profession.
Subjects: 
Axel Leijonhufvud
obituaries
Neo-Keynesian economics
Austrian School of Economics
disequilibrium
inflation
JEL: 
B31
B32
B40
B53
B59
E12
E14
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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