In this paper the author attempts an analysis of the current financial/economic crisis that is wider ranging and more fundamental than he has been able to find. For this purpose he reviews some social science literature that views the current crisis as an episode in the secular decline of the...

The global financial crisis and the ensuing criticism of macroeconomics have inspired researchers to explore new modeling approaches. There are many new models that deliver improved estimates of the transmission of macroeconomic policies and aim to better integrate the financial sector in...

This review deals with several microscopic models of financial markets which have been studied by economists and physicists over the last decade: Kim- Markowitz, Levy-Levy-Solomon, Cont-Bouchaud, Solomon-Weisbuch, Lux-Marchesi, Donangelo-Sneppen and Solomon-Levy-Huang. After an overview of...

Die Forschung zum Gebiet der Marktmikrostruktur hat in den letzten zwanzig Jahren einen beachtlichen Aufschwung erfahren. Dies gilt für die theoretische und empirische Forschung gleichermaßen. Mittlerweile ist die Literatur schwer zu überschauen. Allein die modelltheoretischen Beiträge sind...