Title: The Representative Agent in Macroeconomics (Routledge Frontiers of Political Economy)
Publisher: Routledge
Publication Date: 1997
Language: English
ISBN 10: 0415146690
ISBN 13: 9780415146692
Binding: Hardcover
Condition: New

About this title

Synopsis

Rpresentative agent models have become a predominant means of studying the macroeconomy in modern economics without there being much discussion in the literature about their propriety or usefulness. This volume evaluates the use of these models in macroeconomics, examining the justifications for their use and concluding that representative agent models are neither a proper nor a particularly useful means of studying aggregate behaviour.

About the Author

James E. Hartley is Assistant Professor of Economics at Mount Holyoke College, Massachusetts

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