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.
About the AuthorJames E. Hartley is Assistant Professor of Economics at Mount Holyoke College, Massachusetts
Book InformationISBN 9781138866126
Author James E HartleyFormat Paperback
Page Count 240
Imprint RoutledgePublisher Taylor & Francis Ltd
Weight(grams) 340g