The auctioneerless economics of Axel Leijonhufvud: the ‘dark forces of time and ignorance’ and the coordination of economic activity
分析莱荣霍夫德对经济活动协调的研究,强调信息、学习和制度的作用,并指出其方法论上受一般均衡理论影响,未能完全摆脱其束缚。
Leijonhufvud focuses his analysis on the coordination of economic activities. In a world tossed and torn by ever new episodes of instability, macroeconomic theory must finally admit and properly analyse the limits of collective and individual rationality. Starting from the system's coordination, Leijonhufvud underlines the crucial role of information, learning and institutions. Coming to individual choice, he unremittingly rejects unbounded rationality. Methodologically, however, his use of general equilibrium as a benchmark seems to have conditioned his analysis. In bringing to light the 'dark forces of time and ignorance', Leijonhufvud himself seems to have fallen under the influence of the siren represented by general equilibrium theory. Copyright 2006, Oxford University Press.