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.
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.
Alan Kirman is Professor Emeritus at l'Université d'Aix-Marseille lll and l'Ecole des Hautes Etudes en Sciences Sociales, France.
Inhaltsangabe
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: Schelling's Model 7. Conclusion
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: Schelling's Model 7. Conclusion
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