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Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: Our Economy
Authors: Müller, Christian
DOI: 10.21256/zhaw-3967
Published in: Modern Economy
Volume(Issue): 2011
Issue: 2
Page(s): 569
Pages to: 574
Issue Date: 2011
Publisher / Ed. Institution: Scientific Research Publishing
ISSN: 2152-7245
Language: English
Subjects: Crisis; Subjectivity; Uncertainty
Subject (DDC): 330: Economics
Abstract: I discuss the strengths and weaknesses of the current predominant approach to macroeconomic modelling of asset prices and suggest an alternative perspective. This alternative rests on the insight that the economy is the result of individual decisions. The industry standard has it, however, that individual action is ruled by objective, general laws instead. Changing the point of view allows to reconcile numerous puzzles and paves the way for a promising new research agenda.
Fulltext version: Published version
License (according to publishing contract): CC BY 3.0: Attribution 3.0 Unported
Departement: School of Management and Law
Appears in collections:Publikationen School of Management and Law

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