Abstract
In this paper Agent-based methods are adopted as a way of combining macroeconomics and microeconomics without founding one on the other. This leaves an opening for reconsideration of Keynesian macroeconomics, a reconsideration which results in a simulation model where money and finance plays a vital role. Simulation results are still scarce and emphasis is placed on the fundamentals of the approach.
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References
Keynes, John M. (1933). Collected Writings of John Maynard Keynes vol.XXIX.76-106 ( The Tilton Papers ). Macmillan 1984.
Keynes, John M. (1936). The General Theory of Employment, Interest and Money. Macmillan 1986
Lane, David A. (1993). Artificial Worlds and Economics. Journal of Evolutionary Economics, 3, 89-107 and 3, 177 - 197.
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© 1997 Springer-Verlag Berlin Heidelberg
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Bruun, C. (1997). Agent-Based Keynesian Economics. In: Conte, R., Hegselmann, R., Terna, P. (eds) Simulating Social Phenomena. Lecture Notes in Economics and Mathematical Systems, vol 456. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-03366-1_22
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DOI: https://doi.org/10.1007/978-3-662-03366-1_22
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-63329-7
Online ISBN: 978-3-662-03366-1
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