The Representative Agent in Macroeconomics: 1st Edition (Paperback) book cover

The Representative Agent in Macroeconomics

1st Edition

By James E Hartley, James E. Hartley

Routledge

240 pages

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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.

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS069000
BUSINESS & ECONOMICS / Economics / General