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Hardcover Behavioural Macroeconomics: Theory and Policy Book

ISBN: 019883232X

ISBN13: 9780198832324

Behavioural Macroeconomics: Theory and Policy

Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. This has created a very shallow theory of the business cycle in which nothing happens in the macroeconomy unless shocks occur from outside. Behavioural Macroeconomics: Theory and Policy uses a different paradigm. It assumes that individual agents experience cognitive limitations preventing them from having rational...

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Format: Hardcover

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