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Marc Lavoie, “Post-Keynesian Economics: New Foundations” (Edward Elgar, 2014)

New Books in Economics

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Microeconomics of Conscious Economies

The coven of your middle prize 2017 is a book titled Microeconomics of Conscious Economies. And there's a lot of mathematics in this book, and the complexity is described as the discriminate between mainstream and ethics economics. Yeah, there's also formalization. Well, in that approach, we assume that people react to disequilibrium, to changes, but that they react progressively in an adaptive way. The major difference perhaps is that instead of having a multiplicity of agents, usually we assume that there's a couple of classes,. say the workers versus the Entrepreneurs.

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