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Beyond the Representative Agent

Name: Beyond the Representative Agent
Brand: Edward Elgar Publishing Ltd
SKU: 05118660
Price: 190.89 EUR
Availability: InStock
Author: Mauro Gallegati
ISBN: 9781858987033

Mauro Gallegati

Alan Kirman

Language

English

Book Hardback

Libristo code: 05118660

Publishers Edward Elgar Publishing Ltd, September 1999

The authors argue for an approach to economic analysis which regards the economy as an interactive s... Full description

Libristo code: 05118660

467 b

190.89 € VAT included

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The authors argue for an approach to economic analysis which regards the economy as an interactive system with heterogenous agents and not a system which treats aggregates as some "representative" individual. They then apply this approach to macro- and micro-analyses including monetary policy and firms, technological innovation and the insider-outsider model. They find that this approach proves more fruitful in explaining empirical phenomena than much of the existing theory.