Articles
Articles and analyses from the INET community on the key economic questions of our time.
Article
What Was the Real Cost of the Great Recession?
We are coming up to the fifth anniversary of the Lehman crash in September 2008. How bad was it? Have we fixed the problems?
Article
When Is the Time for Austerity?
Article
Game Theory: Too Much and Too Little?
In introducing game theory (in chapters 7-9), MWG build upon the theory of rational choice by individual agents, developed previously in the book to attempt to analyze (describe, explain, and even predict?) the interactions of such agents as well as the outcomes to which they give rise. In previous chapters, MWG discuss interactions only in the form of the arms-length interactions of numerous firms and consumers in specific markets (e.g. under ‘perfect competition’, in chapters 3 and 5).
