Beyond the representative agent /
Beyond the representative agent /
edited by Mauro Gallegati and Alan Kirman.
- Cheltenham, UK ; Northampton, MA : Edward Elgar, c1999.
- xvi, 348 p. : ill. ; 24 cm.
Includes bibliographical references and index.
This challenging book extends standard economic theory to take into account the presence of heterogeneity among economic agents. It argues for an approach to economic analysis which regards the economy as an interactive system which treats aggregates as some representative individual. The authors find that this approach proves much more fruitful in explaining empirical phenomena than much of the economy which is 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.
1858987032 9781858987033
99012143
Social interaction.
Macroeconomics.
Economics--Sociological aspects.
HB172.5 / .B475 1999
339
Includes bibliographical references and index.
This challenging book extends standard economic theory to take into account the presence of heterogeneity among economic agents. It argues for an approach to economic analysis which regards the economy as an interactive system which treats aggregates as some representative individual. The authors find that this approach proves much more fruitful in explaining empirical phenomena than much of the economy which is 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.
1858987032 9781858987033
99012143
Social interaction.
Macroeconomics.
Economics--Sociological aspects.
HB172.5 / .B475 1999
339