Disequilibrium Foundations of Equilibrium Economics: 6 (Econometric Society Monographs) - Image 1

£44.06

Cambridge University Press Disequilibrium Foundations of Equilibrium Economics: 6 (Econometric Society Monographs)

Name: Disequilibrium Foundations of Equilibrium Economics: 6 (Econometric Society Monographs)
Brand: Cambridge University Press
Price: 46.0 GBP
Availability: InStock

Business & Economic History

Price History & Forecast

Last 31 days • 31 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 31 days • 2 price levels

Days at Price

Current Price

Price Analysis

Most common price: £46 (30 days, 96.8%)

Price range: £44 - £46

Price levels: 2 different prices over 31 days

Description

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. The necessary step in proposing a foundation is the formulation of a theory of stability, and in this 1984 book, Professor Fisher is primarily concerned with this subject, although disequilibrium behavior itself is analyzed. The author first undertakes a review of the existing literature on the stability of general equilibrium. He then proposes a more satisfactory general model in which agents realize their state of disequilibrium and act on arbitrage opportunities. The interrelated topics of the role of money, the nature of quantity constraints, and the optimal behaviour of arbitraging agents are extensively treated.

Product Specifications

Brand: Cambridge University Press
Format: paperback
ASIN: 0521378567
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 01 June 1989
Listed Since: 04 January 2007

Barcode

No barcode data available

Cambridge University Press Disequilibrium Foundations of Equilibrium Economics: 6 (Econometric Society Monographs)

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Fixed Point Theorems with Applns

Foundations for a Disequilibrium Theory of the Business Cycle: Qualitative Analysis and Quantitative Assessment

Public Economics

Strategic Foundations of General Equilibrium: Dynamic Matching and Bargaining Games (Churchill Lectures in Economics)

Transforming Modern Macroeconomics: Exploring Disequilibrium Microfoundations, 1956–2003 (Historical Perspectives on Modern Economics)

International Trade, Welfare, and the Theory of General Equilibrium

Strategic Foundations of General Equilibrium: Dynamic Matching and Bargaining Games (Churchill Lectures in Economics)

Evolutionary Foundations of Equilibria in Irrational Markets: 28 (Studies in Economic Theory, 28)

Structuralist and Behavioral Macroeconomics

Full Industry Equilibrium: A Theory of the Industrial Long Run

Production and Economic Dynamics

Economic Complexity and Equilibrium Illusion: Essays on Market Instability and Macro Vitality: 130 (Routledge Frontiers of Political Economy)

The Divergent Dynamics of Economic Growth: Studies in Adaptive Economizing, Technological Change, and Economic Development

General Equilibrium Foundations of Finance: Structure of Incomplete Markets Models: 33 (Theory and Decision Library C, 33)

Dynamic Macroeconomic Analysis

The Theory of Social Situations: An Alternative Game-Theoretic Approach

Growth and Income Distribution: Essays in Economic Theory

Theoretical Foundations of Asset Pricing

The Dynamics of Keynesian Monetary Growth: Macro Foundations

GENERAL EQUILIBRIUM THEORY (The International Library of Critical Writings in Economics series)

Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents (Physics of Society: Econophysics and Sociophysics)

Principles of Financial Economics

Equilibrium in Economics: Scope and Limits (Routledge Frontiers of Political Economy)

Models in Microeconomic Theory: 'She' Edition