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Item Details
Title: BEYOND THE REPRESENTATIVE AGENT
By: Mauro Gallegati (Editor), Alan Kirman (Editor)
Format: Hardback

List price: £126.00


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ISBN 10: 1858987032
ISBN 13: 9781858987033
Publisher: EDWARD ELGAR PUBLISHING LTD
Pub. date: 1 January, 1999
Pages: 368
Description: 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 with heterogeneous agents and not simply a system which treats aggregates as some `representative' individual.
Synopsis: 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 with heterogeneous agents and not simply a system which treats aggregates as some `representative' individual.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.
Publication: UK
Imprint: Edward Elgar Publishing Ltd
Returns: Returnable
Some other items by this author:
?-STATISTICS APPROACH TO INCOME DISTRIBUTION ANALYSIS
AGENT­-BASED MODELLING
AGENT­-BASED MODELLING (HB)
COMPLEX AGENT-BASED MODELS (HB)
COMPLEX AGENT-BASED MODELS (PB)
COMPLEX ECONOMICS
COMPLEX ECONOMICS
COMPLEX ECONOMICS
COMPLEX ECONOMICS
COMPLEX ECONOMICS
COMPLEX ECONOMICS
COMPLEX ECONOMICS (HB)
COMPLEX ECONOMICS (PB)
COMPLEXITY AND EVOLUTION (HB)
COMPLEXITY IN ECONOMICS
COMPLEXITY IN ECONOMICS (HB)
DISTRIBUTION OF INCOME AND WEALTH (PB)
ECONOMIC FOUNDATIONS FOR SOCIAL COMPLEXITY SCIENCE (HB)
ECONOMICS BEYOND THE MILLENNIUM (HB)
ECONOMICS WITH HETEROGENEOUS INTERACTING AGENTS (HB)
ECONOMICS WITH HETEROGENEOUS INTERACTING AGENTS (PB)
ECONOMICS: COMPLEX WINDOWS (HB)
EMERGENT MACROECONOMICS (HB)
EMERGENT MACROECONOMICS (PB)
EQUILIBRIUM ANALYSIS (HB)
FRONTIERS OF GAME THEORY (HB)
INTERACTION AND MARKET STRUCTURE (PB)
INTERACTIVE MACROECONOMICS (HB)
INTRODUCTION TO AGENT-BASED ECONOMICS (HB)
THE COMPLEX DYNAMICS OF ECONOMIC INTERACTION (PB)
THE DISTRIBUTION OF INCOME AND WEALTH (HB)

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