Disequilibrium Foundations of Equilibrium Economics
Book Details
Format
Paperback / Softback
Book Series
Econometric Society Monographs
ISBN-10
0521378567
ISBN-13
9780521378567
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Mar 31st, 1989
Print length
252 Pages
Weight
38 grams
Dimensions
22.90 x 15.20 x 1.50 cms
Product Classification:
MacroeconomicsEconometrics
Ksh 9,200.00
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The most common mode of analysis in economic theory is to assume equilibrium. Yet, without a proper theory of how economies behave in disequilibrium, there is no foundation for such a practice. In this 1984 book, a review of the existing literature on the stability of general equilibrium is followed by the proposal of a more satisfactory general model for analysis.
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