THE CURRENT MACROECONOMIC CRISIS

Professor Crotty once casually observed that in his view economics could not be properly thought of as a science. This paper investigates the implications of this view in light of the question of how the scientific method has recently contributed to the evolution of economic practice. It is argued that agent-based models might provide a platform for an integration of recent micro and macroeconomic theories.

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Year of publication:	2008-01
Authors:	Gibson, Bill
Institutions:	Department of Economics, University of Massachusetts-Amherst
Subject:	Agent-based models \| macroeconomics \| Keynes \| James Crotty

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Extent:	application/pdf
Series:	UMASS Amherst Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005533183