Overview

"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."

Full Product Details

Author:   Mauro Gallegati ,  Alan Kirman
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Dimensions:   Width: 15.60cm , Height: 2.50cm , Length: 23.40cm
Weight:   0.634kg
ISBN:  

9781858987033

ISBN 10:   1858987032
Pages:   368
Publication Date:   28 September 1999
Audience:   College/higher education ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Contents: Introduction 1. Interaction and Market 2. Tutorial on Social Interaction Economics 3. Multilevel Interactions with a Keynesian Flavour in a Stochastic Macroeconomic Model 4. Economic Theory and `Conformism' 5. Firms' Size and Monetary Policy 6. Agents' Heterogeneity and Coordination Failure 7. Compartmental Analysis of Economic Systems with Heterogeneous Agents 8. Macroeconomic Fluctuations and Heterogeneous Agents 9. Fluctuations and Growth Due to Technological Innovation and Diffusion 10. Hysteresis and Economics 11. An Insider-Outsider Model with Non-Trivially Heterogeneous Labour Force 12. Agents' Heterogeneity, Financial Fragility, and Learning Index

Reviews

'Interested economists without a background in this material ... will find a clearly presented introduction to modelling macroeconomics based on social interaction and heterogeneous agents...' -- Jenny Miner, Journal of Economic Literature

Author Information

Edited by Mauro Gallegati, Professor of Economics, Marche Polytechnic University, Italy and Alan Kirman, CAMS - EHESS, France

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