{"product_id":"agent-based-macroeconomics-the-schumpeter-meeting-keynes-models-hardback-9781009598743","title":"Agent-based Macroeconomics; The Schumpeter Meeting Keynes Models (Hardback) 9781009598743","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eAgent-based Macroeconomics\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe Schumpeter Meeting Keynes Models\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThe Element offers a new perspective on macroeconomics considering the economy as a complex evolving system.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eGiovanni Dosi (Author), Andrea Roventini (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009598743, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 29 May 2025\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e116 pages\u003cbr\u003e23.5 x 16 x 1.2 cm, 0.32 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis Element is about agent-based macroeconomics in general, and in particular about a family of evolutionary, agent-based models (ABMs), which are called 'Schumpeter meeting Keynes' (or K+S). The K+S models knit together 'Schumpeterian' endogenous processes of innovation with 'Keynesian' mechanisms of demand generation. As with all well-constructed ABMs, the K+S models are populated by a multiplicity of agents which interact on the grounds of quite simple, empirically based, behavioural rules, whose collective outcomes are 'emergent properties' which cannot be imputed to the intention of any single agent. After the K+S model is empirically validated, the impacts of different combinations of innovation, industrial, fiscal, and monetary policies for different labour-market regimes and inequality scenarios are assessed. The Element offers a new perspective on macroeconomics considering the economy as a complex evolving system.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction\u003cbr\u003e 2. A dismal short story of macroeconomics: from Robinson Crusoe to complex evolutionary economies\u003cbr\u003e 3. The emperor is still naked: the intrinsic limits of DSGE models\u003cbr\u003e 4. Macroeconomic agent-based models\u003cbr\u003e 5. The Schumpeter meeting Keynes model\u003cbr\u003e 6. Empirical validation\u003cbr\u003e 7. Policy experiments\u003cbr\u003e 8. A brief discussion on the future of macroeconomics by way of a conclusion\u003cbr\u003e References.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Brand New","offer_id":52415666848024,"sku":"9781009598743","price":43.27,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781009598743i.jpg?v=1784421249","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/agent-based-macroeconomics-the-schumpeter-meeting-keynes-models-hardback-9781009598743","provider":"Freshly Printed Books","version":"1.0","type":"link"}