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"This book is flower blossomed by one of the two greatest Italian economists." Bruce Greenwald, Columbia University "The author's - the ABM prophet's - thoughts on economics have been at the forefront of the world.
"This book is flower blossomed by one of the two greatest Italian economists." Bruce Greenwald, Columbia University "The author's - the ABM prophet's - thoughts on economics have been at the forefront of the world.
This book presents a systematic overview of cutting-edge research in the field of parametric modeling of personal income and wealth distribution, which allows one to represent how income/wealth is distributed within a given population.
This book arises from a conviction that the NNS-DSGE approach to the analysis of aggregate market outcomes is fundamentally flawed. It offers the first complete analysis of an agent-based macroeconomic model, from theoretical foundation to empirical testing.
Drawing from recent advances in agent-based computational modeling, the authors show how insights from dispersed fields can be fruitfully combined to improve our understanding of macroeconomic dynamics.
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