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Complex Economics : Individual and Collective Rationality.

Author: Alan Kirman
Publisher: Hoboken : Taylor & Francis, 2010.
Series: Graz Schumpeter Lectures, v. 10
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
The economic crisis is also a crisis for economic theory. The direct interaction between individuals, firms and banks does not simply produce imperfections in the functioning of the economy but is the very basis of the functioning of a modern economy. This book suggests a way of analyzing the economy which takes this point of view.
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Kirman, Alan.
Complex Economics : Individual and Collective Rationality.
Hoboken : Taylor & Francis, ©2010
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Alan Kirman
ISBN: 9780203847497 0203847490 1282781545 9781282781542
OCLC Number: 664551621
Description: 1 online resource (272 pages).
Contents: Book Cover; Title; Copyright; Contents; List of tables; List of figures; Preface; 1 Introduction; 2 The structure of interaction; 3 Fish markets: An example of the emergence of aggregate coordination; 4 Financial markets: Bubbles, herds and crashes; 5 Public goods: A coordination problem; 6 Segregation: Schelling's model; 7 Conclusion; Bibliography; Index.
Series Title: Graz Schumpeter Lectures, v. 10

Abstract:

The economic crisis is also a crisis for economic theory. The direct interaction between individuals, firms and banks does not simply produce imperfections in the functioning of the economy but is the very basis of the functioning of a modern economy. This book suggests a way of analyzing the economy which takes this point of view.

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