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1 ハイエク景気循環論と新自由主義的経済学の潮流 1 NeoClassical Hicks Tobin Microeconomicfoundations ArrowHahn Monetarism RationalExpectationists NewClassicalSupplyside EconomicsPublicChoiceEconomics laissezfaire Harrod

2 2 Hayek Hayek Hayek Keynes IS

3 LM 3 Samuelson finetuning Moneydoesmatter IS LM

4 Hayekp Hayekp Hayek M MCD EdySuicaPASMO Hayek Hayek

5 4 Phelps Friedman expectationsaugmented w p p e u w t fuap t p e t p t fuap t p e t Cagan k errorlearning p e tp e tkp t p e t k t p e tp t k Lucas Rapping Sargent Muth t I t t p t Ep t p e t p e tep t I t p t p e tη t Eη t Eη t η s σ iftsorifts Friedman Lucas Sargent Lucasb

6 Lucas y t yp t p e t ß y t yßp t p e t p e p e y KydlandPrescottLong Plosser RealBusinessCycleTheory RBC RBC 5 Hayek pp Friedman Feldstein

7 CantoJoinesLaffer NewEconomy 6 Hayek BuchananTullock Hayek BuchananWagner Buchanan Buchanan

8 ArrowKennethandHahnFrankGeneralcompetitive analysis BuchananJMKeynesianFolliesinReese DAedTheLegacyofKeynesHarper&RowSan Francisco BuchananJMandTullockGTheCalculus of Consent Logical Foundations of Constitutional Democracy BuchananJMandWagnerRDemocracyin Deficit CaganPTheMonetaryDynamicsofHyperinflation infriedmanmedstudiesinquantitytheoryof Money CantoVAJoinesDHandLafferATax RatesFactorEmploymentandMarketProductionin TheSupplySideEffectsofEconomicPolicyFederal ReserveBankofStLouis Feldstein MS The Retreat from Keynesian EconomicsEconomicImpactjanupp FriedmanMiltonTheRoleofMonetaryPolicy AmericanEconomicReviewpp FriedmanMiltonandRoseTyrannyoftheStatus QuoHarcourtBraceJovanovichIncNewYork HarrodRFTheLifeofJohnMaynardKeynes MacmillanLondon HayekFAPricesandProduction Hayek FAMonetaryTheory and thetrade Cycle HayekFAProfitsInterestandInvestment HayekFATheConstitutionofLiberty TheValueofFreedom Freedom andthelaw HayekFAATigerbytheTailInstituteof EconomicAffairsLondon HayekFADenationalisationofMoneyHobart PaperSpecialInstituteofEconomicAffairsLondon HayekFANewStudiesinPhilosophyPolitics Economics and the History of Ideas University of ChicagoPressChicago

9 HayekFAUnemploymentandMonetaryPolicy CatoInstituteSanFrancisco HicksJRTheCrisisinKeynesianEconomics BasilBlackwellOxford KeynesJohnMaynardGeneralTheoryofEmployment InterestandMoney KydlandFinnEandPrescottEdwardCTime tobuildandaggregatefluctuationseconometrica pp LongJBandPlosserCRealBusinessCycle JournalofPoliticalEconomypp LucasREExpectationsandtheNeutralityof MoneyJournalofEconomicTheorypp Lucas RE Some International Evidence on OutputInflationTradeoffsAmericanEconomicReview pp LucasREaStudiesinBusinessCycleTheory MITPress LucasREbUnderstandingBusinessCycles inlucas a LucasREandRappingLAPriceExpectations andphillips CurveAmerican Economic Review pp MuthJFRationalExpectationsandtheTheory ofpricemovementseconometricapp PhelpsESPhillipsCurvesExpectationsof Inflation and Optimal Unemployment over Time Economicapp SamuelsonPAInteractionsbetweentheMultiplier AnalysisandthePrincipleofAccelerationReviewof EconomicsandStatisticspp SargentTJ A Note on the Accelerationist ControversyJournalofMoneyCreditandBanking pp SargentTJRationalExpectationstheReal RateofInterestandtheNaturalRateofUnemployment BrookingsPapersonEconomicActivitypp SargentTJRationalExpectationstheOptimal Monetary Instrument and the Optimal Money Supply RuleJournalofPoliticalEconomypp TobinJAreNewClassicalModelsPlausible EnoughtoGuidePolicy JournalofMoneyCreditand Bankingpp pp pp

- 2 - ケインズ経済学あるいはマクロ経済学のミクロ的な基礎付け (Microeconomic foundations) を目 指して 理論的な再構築を試みる研究が輩出してきた この流れは 1970 年代後半から Arrow=Hahn (1971) 流の位相数学による一般均衡理論のフレームワークを

- 2 - ケインズ経済学あるいはマクロ経済学のミクロ的な基礎付け (Microeconomic foundations) を目 指して 理論的な再構築を試みる研究が輩出してきた この流れは 1970 年代後半から Arrow=Hahn (1971) 流の位相数学による一般均衡理論のフレームワークを - 1 - ハイエク景気循環論と新自由主義的経済学の潮流 林 直嗣 経営志林 法政大学経営学会 第 45 巻第 2 号 pp.93-101 2008 年 7 月 1. はじめに = ケインズ経済学の危機と新自由主義的経済学の台頭 = 1970 年代の二度に亘る石油ショックの発生以降 インフレと景気停滞 高失業が併存するスタグフレーションが顕在化するなど 従来のケインズ経済学では説明しがたい現象が起こり

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