£43.70

Cambridge University Press Walras's Market Models

Name: Walras's Market Models
Brand: Cambridge University Press
Price: 43.7 GBP
Availability: InStock

Business & Economic History

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Description

Walras's Market Models describes and evaluates Léon Walras's models of competitive markets. Through identification of his career phases and the associated general equilibrium models, which are shown to be very different in character, this book differs from previous examinations of his work. During his mature phase of theoretical activity, Walras was concerned with a competitive economy which passes through a phase of disequilibrium in the production and sales of commodities. While in his last phase of theoretical activity, he developed a model in which there is no production, sales, hiring, consuming or saving until an assumed set of equilibrium prices obtains of the model. The two phases of Walras's theoretical work have not previously been identified, and the models have not been subjected to an accurate analysis and evaluation.

Product Specifications

Brand: Cambridge University Press
Format: paperback
ASIN: 0521022959
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 21 August 2008
Listed Since: 02 February 2007

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Cambridge University Press Walras's Market Models

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