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This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.
- Format: Inbunden
- ISBN: 9780230500556
- Språk: Engelska
- Antal sidor: 530
- Utgivningsdatum: 2006-12-01
- Förlag: Palgrave Macmillan