Equilibrium illusion, economic complexity and evolutionary foundation in economic analysis
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It is widely believed that an equilibrium framework based on simple models, such as the representative agent and bilateral bergaining, in a frictioneless economy provides a consistent framework in micro, macro, finance and institutionals economics... |
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Majalah/Jurnal : | Evolutionary and Institutional Economics Review 5 ( 1 ) Sep 2008 : 81 - 127 |
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