Beyond The Representative Agent
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...more
Hardcover, 368 pages
Published January 1st 1999 by Edward Elgar Publishing
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