聖塔非研究所

摘要 The rise of equilibrium models in 經濟s springs fro

2009 · 已發表論文 · 更新 2026/08/30 下午12:48

摘要 The rise of equilibrium models in 經濟s springs from file desire for parsimonious models of 經濟 phenomena that take human reasoning into account. This approach has been the corner stone of m…

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  • 類型:已發表論文
  • 日期:2009

摘要

The rise of equilibrium models in 經濟s springs from file desire for parsimonious models of 經濟 phenomena that take human reasoning into account. This approach has been the corner stone of modern 經濟 theory We explain why this is so, extolling the virtues of equilibrium theory; then we present a critique and describe why this approach is inherently limited, and why 經濟s needs to move in new directions if it is to continue to make progress. We stress that this shouldn't be a question of dogma, and should be resolved empirically. There are situations where equilibrium models provide useful predictions and there are situations where they can never provide useful predictions. There are also many situations where the jury is still out, i.e., where so far they fail to provide a good description of th

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