Macroeconomics from the Bottom-up [electronic resource] / by Domenico Delli Gatti, Saul Desiderio, Edoardo Gaffeo, Pasquale Cirillo, Mauro Gallegati.
Series: New Economic Windows ; 1Publisher: Milano : Springer Milan : Imprint: Springer, 2011Description: XII, 124 p. online resourceContent type:- text
- computer
- online resource
- 9788847019713
- 339 23
- HB172.5

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. .