Name: Overlapping Generations: Methods, Models and Morphology (International Symposia in Economic Theory and Econometrics, 32) (en Inglés)
Price: 141370.00 CLP
Availability: InStock
Author: Stephen Spear; Warren Young
ISBN: 9781837530533

portada Overlapping Generations: Methods, Models and Morphology (International Symposia in Economic Theory and Econometrics, 32) (en Inglés)

Formato

Libro Físico

Editorial

Emerald Publishing Limited

Autor

Stephen Spear; Warren Young

Idioma

Inglés

N° páginas

332

Encuadernación

Tapa Dura

ISBN13

9781837530533

Overlapping Generations: Methods, Models and Morphology (International Symposia in Economic Theory and Econometrics, 32) (en Inglés)

Stephen Spear; Warren Young (Autor) · Emerald Publishing Limited · Tapa Dura

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Reseña del libro "Overlapping Generations: Methods, Models and Morphology (International Symposia in Economic Theory and Econometrics, 32) (en Inglés)"

The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn't become the central workhorse model for macroeconomics. Introduced in 1958 by Paul Samuelson, the model postulates an infinite number of finite-lived families. This is in stark contrast to the more dominant neoclassical growth model, which is based on the assumption that real economies are populated by a finite number of dynastic families. Despite the greater realism of the former model and the inherent implausibility of the assumptions underlying the growth model, the growth model has become dominant. The authors here explore the co-evolution of the two models to shed light on why this happened, spanning the entire post-WWII era.