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Book synopsis

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 this approach proves more fruitful in explaining empirical phenomena than much of the existing theory.

Book details

Book category Books in English Economics, finance, business & management Economics Economic theory & philosophy

• Full title: Beyond the Representative Agent
• Author: Mauro Gallegati, Alan Kirman
• Language: English
• Binding: Hardback
• Number of pages: 368
• EAN: 9781858987033
• ID: 05118660
• Publisher: Edward Elgar Publishing Ltd
• Weight: 634 g
• Dimensions: 234 × 156 × 25 mm
• Date of publishing: 28. September 1999

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