Overlapping Generations: Methods, Models and Morphology

by Stephen E Spear and Warren Young

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...

• Format: Hardcover
• Language: English
• ISBN: 183753053X
• ISBN13: 9781837530533
• Release Date: September 2023
• Publisher: Emerald Publishing Limited
• Length: 264 Pages
• Weight: 1.15 lbs.
• Dimensions: 0.6" x 6.0" x 9.0"