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  1. Complex Economics

    Individual and Collective Rationality

    By Alan Kirman

    Series: The Graz Schumpeter Lectures

    The economic crisis is also a crisis for economic theory. Most analyses of the evolution of the crisis invoke three themes, contagion, networks and trust, yet none of these play a major role in standard macroeconomic models. What is needed is a theory in which these aspects are central. The direct...

    Published January 16th 2011 by Routledge

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