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Policy implications of complexity economics (CE) are investigated. CE deals with “Complex Adaptive (Economic) Systems” [CA(E)S], generally characterized by mechanisms and properties such as “emergence” of structure or some capacity of “self-organization”. With this, CE has manifold...
Persistent link: https://www.econbiz.de/10011212778
econometrics, microfoundations, and the New Classical macroeconomics. …
Persistent link: https://www.econbiz.de/10011903527
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econometrics, microfoundations, and the New Classical macroeconomics. …
Persistent link: https://www.econbiz.de/10011904610
Persistent link: https://www.econbiz.de/10013363390
This paper aims to integrate the money market into the structure of the economy. The microfoundation is the starting point to define the money market and the general equilibrium mechanism of the economy. On this basis, this research seeks a linking mechanism of the money market with economic...
Persistent link: https://www.econbiz.de/10013040920
literature has also begun to provide evidence on the microfoundations of external economies of scale. The best known of these …
Persistent link: https://www.econbiz.de/10014024013
Persistent link: https://www.econbiz.de/10014393413
This paper discusses methodological individualism and the perceived "need" for microfoundations in economic theory. It … argues that the persistent focus on microfoundations has led a large part of the field to overlook the complexity of social … development. The paper suggested focusing on social foundations as an alternative to microfoundations that is particularly …
Persistent link: https://www.econbiz.de/10015191316
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