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The Representative Agent in Macroeconomics by James E. Hartley (English) Hardcov
- Item No : 157187373615
- Condition : Brand New
- Brand : No brand Info
- Seller : the_nile
- Current Bid : US $240.71
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* Item Description
- Suprisingly, there has been little discussion in macroeconomic literature about the propriety or usefulness of such models. The author illustrates how the representative agent model is inadequate to these tasks: it does not solve the Lucas critique, does not help create good Walrasian models and does not provide microfoundations.
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