Löwenthal, Paul - In: Reflets et perspectives de la vie économique XLIV (2005) 1, pp. 67-71
Stability has become the main stumbling-block of economic policy, because it is crucial for private investment: firm's micro efficiency is a clue towards macroeconomic growth, hence wellbeing. This view rests on a representative-agent approach, that macroeconomists know to be spurious. Resource...