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Structuralist and Behavioral Macroeconomics

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Challenging the traditional macroeconomic paradigm, this book advocates for incorporating behavioral insights to better reflect real-world decision-making. It critiques the reliance on perfectly rational agents and draws from Keynesian and institutionalist traditions to propose an alternative framework. By emphasizing dynamic market interactions, the text explores concepts such as instability, endogenous cycles, and secular stagnation. It aims to provide a comprehensive understanding of macroeconomic theory and suggests a re-evaluation of its foundational principles.

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Structuralist and Behavioral Macroeconomics, Peter Skott

Taal
Jaar van publicatie
2023
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Taal
Engels
Jaar van publicatie
2023
Formaat
Paperback
Aantal pagina's
398
ISBN13
9781009367301
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Aantekening
Challenging the traditional macroeconomic paradigm, this book advocates for incorporating behavioral insights to better reflect real-world decision-making. It critiques the reliance on perfectly rational agents and draws from Keynesian and institutionalist traditions to propose an alternative framework. By emphasizing dynamic market interactions, the text explores concepts such as instability, endogenous cycles, and secular stagnation. It aims to provide a comprehensive understanding of macroeconomic theory and suggests a re-evaluation of its foundational principles.