For now, as those of you who have found their way to this post might know, I came out with a new book a few months ago called The End of Theory. (I hate linking to Amazon, but that is where people will end up going.)
When I started it, my objective was to explain the use of agent-based modeling to deal with financial crises. I had been working on this at the Office of Financial Research. But in order to motivate the use of this new method, I felt I should explain why economics could not do the job. That took on a life of its own, and by the time I was done my "how-to" book on agent-based modeling had expanded to be a critique of neoclassical economics with the agent-based model proposed as a replacement -- a new paradigm.…
To get a sense of the ideas behind the book, here is a recent interview I gave for The Institute for New Economic Thinking which gets to the key themes.
And, for a more in-depth treatment, here is the webcast of a talk I gave in June at the OECD.
Rick Bookstaber
I'm going to start blogging again
I'm going to start blogging again
