Front cover image for Complex economics : individual and collective rationality

Complex economics : individual and collective rationality

The economic crisis is also a crisis for economic theory. Most analyses of the evolution of the crisis invoke three themes, contagion, networks and trust, yet none of these play a major role in standard macroeconomic models. In this book Kirman argues for a theory in which these aspects are central
Print Book, English, 2010
Routledge, New York, NY, 2010
xiv, [16] pages of plates, 241 pages : illustrations (some color) ; 24 cm
9780415568555, 9780203847497, 0415568552, 0203847490
Machine generated contents note: 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: Schilling's model
7. Conclusion