Macroeconomics from the Bottom-up
By Domenico Delli Gatti, Saul Desiderio, Edoardo Gaffeo, Pasquale Cirillo & Mauro Gallegati
- Release Date - Published: 2011-04-18
- Book Genre: Economics
- Author: Domenico Delli Gatti, Saul Desiderio, Edoardo Gaffeo, Pasquale Cirillo & Mauro Gallegati
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Macroeconomics from the Bottom-up Domenico Delli Gatti, Saul Desiderio, Edoardo Gaffeo, Pasquale Cirillo & Mauro Gallegati read online review & book description:
The recent economic events driven by the big financial crisis of 2007-08 has cogently put to the fore the limits and drawbacks of the ruling research paradigm in macroeconomics. This volume goes to the root of the problem by offering a workable alternative to the renowned issue of the microeconomic foundations of macroeconomic theory. Bringing together techniques from agent-based computational economics and statistical validation, the authors set the stage for a paradigmatic shift, elaborate on it with practical examples and provide an agenda for future research.
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