Overlapping Generations - Methods, Models and Morphology

The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics. Introduced in 1958 by Paul Samuelson, the model postulates an infinite number of finite-lived families. This is in stark contrast to the more dominant neoclassical growth model, which is based on the assumption that real economies are populated by a finite number of dynastic families. Despite the greater realism of the former model and the inherent implausibility of the assumptions underlying the growth model, the growth model has become dominant. The authors here explore the co-evolution of the two models to shed light on why this happened, spanning the entire post-WWII era.

General

Imprint:	Emerald Publishing Limited
Country of origin:	United Kingdom
Series:	International Symposia in Economic Theory and Econometrics
Release date:	September 2023
First published:	2023
Authors:	Stephen Spear • Warren Young
Dimensions:	229 x 152mm (L x W)
Pages:	332
ISBN-13:	978-1-83753-053-3
Categories:	Books
LSN:	1-83753-053-X
Barcode:	9781837530533

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!