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The last fifteen or twenty years have been marked by fundamental advances in the sources of complex behavior in micro- and macro-economics, in the practical and methodological implications of such behavior, and in the methods and tools appropriate to cope with them. Much of these developments...
Persistent link: https://www.econbiz.de/10009657114
Economic theory defines and constrains admissible functional form and functional structure throughout the economy. Constraints on behavioral functions of individual economic agents and on the recursive nesting of those behavioral functions often are derived directly from economic theory....
Persistent link: https://www.econbiz.de/10009657115
Persistent link: https://www.econbiz.de/10002762056