Beyond the Representative Agent
Language: English
Published by Edward Elgar, 1999
- Hardcover
- New
Seller: Ria Christie Collections, Uxbridge, United KingdomRia Christie Collections
AbeBooks seller since March 25, 2015
Condition: New
US$ 217.11
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In English.
Seller Inventory # ria9781858987033_new
- Title
- Beyond the Representative Agent
- Publisher
- Edward Elgar
- Publication year
- 1999
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 1858987032
- ISBN 13
- 9781858987033
- Item weight
- 1,000 grams
The authors consider that no sector of the economy can be treated as behaving like a single individual and each sector should be modelled as a complex interactive system. They apply this approach to many macro- and micro- analyses including monetary policy and firms, technological innovation and the insider-outsider model. In conclusion the authors find that this approach proves much more fruitful in explaining empirical phenomena than much of the existing theory. The result of this approach to economic theory which encompasses many realistic features, provides a vision of the economy which is not at odds with common sense, but which does not abandon rigorous analysis.
This important book will be welcomed by those interested in both macro and micro economic theory.
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Ria Christie Collections
Uxbridge, United Kingdom
AbeBooks seller since March 25, 2015
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