Macroeconomics from the Bottom-up

• Main Authors: Delli Gatti, Domenico (Author), Desiderio, Saul (Author), Gaffeo, Edoardo (Author), Cirillo, Pasquale (Author), Gallegati, Mauro (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Milano : Springer Milan : Imprint: Springer, 2011.
• Series: New Economic Windows, 1
• Subjects: Statistics.; Microeconomics.; Industrial organization.; Macroeconomics.; Economic growth.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Economic Growth.; Statistics for Business/Economics/Mathematical Finance/Insurance.; Industrial Organization.
• Physical Description: XII, 124 p. online resource.
• ISBN: 9788847019713
• ISSN: 2039-411X ;

The recent economic events driven by the big financial crisis of 2007-08 has cogently put to the fore the limits and drawbacks of the ruling research paradigm in macroeconomics. This volume goes to the root of the problem by offering a workable alternative to the renowned issue of the microeconomic foundations of macroeconomic theory. Bringing together techniques from agent-based computational economics and statistical validation, the authors set the stage for a paradigmatic shift, elaborate on it with practical examples and provide an agenda for future research.   .