Modern Economy

Volume 2, Issue 4 (September 2011)

ISSN Print: 2152-7245   ISSN Online: 2152-7261

Google-based Impact Factor: 0.82  Citations  h5-index & Ranking

Our Economy

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DOI: 10.4236/me.2011.24063    6,510 Downloads   10,063 Views  
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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.

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C. Müller, "Our Economy," Modern Economy, Vol. 2 No. 4, 2011, pp. 569-574. doi: 10.4236/me.2011.24063.

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