Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes
(Part of the Japan-US Center UFJ Bank Monographs on International Financial Markets Series)
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Book Overview
In this book, the authors treat macroeconomic models as composed of large numbers of micro-units or agents of several types and explicitly discuss stochastic dynamic and combinatorial aspects of interactions among them. In mainstream macroeconomics sound microfoundations for macroeconomics have meant incorporating sophisticated intertemporal optimization by representative agents into models. Optimal growth theory, once meant to be normative, is now...
Format:Paperback
Language:English
ISBN:1107634202
ISBN13:9781107634206
Release Date:November 2011
Publisher:Cambridge University Press
Length:354 Pages
Weight:1.09 lbs.
Dimensions:0.7" x 6.1" x 9.2"
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