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This paper advances a dynamic rationale for competitiveness policy that focuses on an economy's ability to evolve in order to achieve high real incomes along with desired qualitative changes in the socio-economic system. It highlights that the ubiquitous rationalities of failure, either of...
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1. Editorial: Consequences of Social Transformation for Economic Theory -- 2. A Survey on Business Cycles: History …, Theory and Empirical Findings -- 3. Implementation of the Evolutionary-Genetic Methodology in the Mechanisms of Synthesis of … Economic Theory -- 4. Synthesis of Mainstream and Political Economy as an Emerge from the Economic Theory Crisis -- 5. Dynamic …
Persistent link: https://www.econbiz.de/10014248149
This work nests the Agent-Based macroeconomic perspective into the earlier history of macroeconomics. We discuss how the discipline in the 70's took a perverse path relying on models grounded on fictitious rational representative agent in order to try to pathetically circumvent aggregation and...
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