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An important element of almost every DSGE model is:
Rosa Luxemburg
A Polish Marxist theorist, philosopher, economist, anti-war activist, and revolutionary socialist.
Social Contract
A theoretical agreement within society where individuals consent to surrender some freedoms for the protection and benefit of the community as a whole.
Rousseau
Jean-Jacques Rousseau, an influential 18th-century philosopher known for his ideas on education, society, and government, emphasizing natural human goodness and freedom.
Free Individuals
Persons who possess autonomy and the capacity to make choices unconstrained by external coercion or limitations, typically within the bounds of societal laws and norms.
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