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The Representative Agent in Macroeconomics

By James E Hartley, James E. Hartley

Routledge – 1997 – 240 pages

Series: Routledge Frontiers of Political Economy

Purchasing Options:

  • Add to CartHardback: $210.00
    978-0-415-14669-2
    July 3rd 1997

Description

Rpresentative agent models have become a predominant means of studying the macroeconomy in modern economics without there being much discussion in the literature about their propriety or usefulness. This volume evaluates the use of these models in macroeconomics, examining the justifications for their use and concluding that representative agent models are neither a proper nor a particularly useful means of studying aggregate behaviour.

Name: The Representative Agent in Macroeconomics (Hardback)Routledge 
Description: By James E Hartley, James E. Hartley. Rpresentative agent models have become a predominant means of studying the macroeconomy in modern economics without there being much discussion in the literature about their propriety or usefulness. This volume evaluates the use of these models in...
Categories: Economics, Economic Theory & Philosophy, Monetary Economics