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Disequilibrium Foundations of Equilibrium Economics
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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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.
| ISBN / EAN | 9780521378567 |
|---|---|
| Auteur | Fisher, Franklin M. (Massachusetts Institute of Technology) |
| Editeur | Cambridge University Press |