Equilibrium And Economic Theory

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Foundations of the Theory of General Equilibrium

Yves Balasko
Foundations of the Theory of General Equilibrium Book PDF

Author : Yves Balasko
Publisher : World Scientific
Page : 280 pages
File Size : 43,9 Mb
Release : 2016-05-11
Category : Business & Economics
ISBN : 9789814651721

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Foundations of the Theory of General Equilibrium by Yves Balasko Pdf

The economic theory of general equilibrium underpins the most important models used in economic theory in general and in its more specialized areas such as macroeconomics, international trade, environmental economics, growth theory, and developmental economics. In Foundations of the Theory of General Equilibrium, leading academic scholar, Yves Balasko offers a good introduction to the economic theory of general equilibrium and makes use of various mathematical tools as intuitive and easy as possible. The second half of the book addresses properties of the general equilibrium model that are still at the frontier of current research. These properties deal with the characterization of economies with a unique equilibrium and, more generally, with the relationships between the number of equilibria and the fundamentals of an economy. Contents:The Exchange ModelA Simple Linear Version of the Exchange ModelThe Exchange Model with Two Goods and Two ConsumersConsumer TheoryThe Equilibrium ManifoldThe Natural ProjectionEquilibrium Analysis for Fixed Total ResourcesThe Natural Projection and Envelope TheoryA Duality TheorySeveral Extensions of the General Equilibrium Model Readership: Graduate students in mathematics who want to specialize in economics and mathematical economics; researchers and professionals who will find in this book a detailed account of some of the most current developments of a difficult but essential theory.

The Flawed Foundations of General Equilibrium Theory

Frank Ackerman,Alejandro Nadal,Kevin P. Gallagher
The Flawed Foundations of General Equilibrium Theory Book PDF

Author : Frank Ackerman,Alejandro Nadal,Kevin P. Gallagher
Publisher : Routledge
Page : 237 pages
File Size : 40,5 Mb
Release : 2004-06-24
Category : Business & Economics
ISBN : 9781135997380

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The Flawed Foundations of General Equilibrium Theory by Frank Ackerman,Alejandro Nadal,Kevin P. Gallagher Pdf

This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels. Under the impressive editorship of Ackerman and Nadal, this book will appeal to students and researchers in economics and related social science disciplines.

The Theory of General Economic Equilibrium

Andreu Mas-Colell
The Theory of General Economic Equilibrium Book PDF

Author : Andreu Mas-Colell
Publisher : Cambridge University Press
Page : 396 pages
File Size : 45,9 Mb
Release : 1985
Category : Business & Economics
ISBN : 0521388708

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The Theory of General Economic Equilibrium by Andreu Mas-Colell Pdf

This book brings together the author's pioneering work, written over the last twenty years, on the use of differential methods in general equilibrium theory.

General Equilibrium

W. D. A. Bryant
General Equilibrium Book PDF

Author : W. D. A. Bryant
Publisher : World Scientific
Page : 492 pages
File Size : 51,6 Mb
Release : 2010
Category : Business & Economics
ISBN : 9789812818355

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General Equilibrium by W. D. A. Bryant Pdf

General Equilibrium Theory studies the properties and operation of free market economies. The field is a response to a series of questions originally outlined by Leon Walras about the operation of markets and posed by Frank Hahn in the following way: OCyDoes the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence OCo and if so, how is that achieved?OCO This is always an apt question, but particularly so given the OCyGlobal Financial CrisisOCO that emerged from the operation of market economies in the Americas and Europe in mid to late 2008. The answer that General Equilibrium Theory provides to the Walras-Hahn question is that, under certain conditions coherence is possible, while under certain other conditions chaos, in various forms, is likely to prevail. The conditionality of either outcome is not always well understood OCo neither by proponents of, or antagonists to, the OCyfree market positionOCO. Consequently, this book attempts to show something of what General Equilibrium Theory has to say about the wisdom or otherwise of always relying on OCymarket forcesOCO to manage complex socio-economic systems. Sample Chapter(s). Chapter 1: General Equilibrium Theory: An Overview (138 KB). Contents: General Equilibrium Theory: An Overview; Existence of Equilibrium: Sufficient Conditions; Existence of Equilibrium: Necessary Conditions; Equilibrium and Irreducibility: Some Empirical Evidence; Existence of Equilibrium Under Alternative Income Conditions; Existence of Walrasian Equilibrium in Some NonOCoArrow-Debreu Environments; Uniqueness of Equilibrium; Stability of Equilibrium; Optimality of Equilibrium; Comparative Statics of Equilibrium States; Empirical Evidence on General Equilibrium; General Equilibrium Theory in Retrospect. Readership: Advanced undergraduates and graduate students in economics; economists interested in economic theory."

The Concept of Equilibrium in Different Economic Traditions

Bert Tieben
The Concept of Equilibrium in Different Economic Traditions Book PDF

Author : Bert Tieben
Publisher : Edward Elgar Publishing
Page : 689 pages
File Size : 55,5 Mb
Release : 2012-07-01
Category : Business & Economics
ISBN : 9781781953518

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The Concept of Equilibrium in Different Economic Traditions by Bert Tieben Pdf

'Bert Tieben is very well read in the history of economic thought and provides an overview of one of the basic concepts of economics that is unrivalled both in its scope and in its thoughtful and detailed discussion of the various currents and schools. It goes right to the heart of economic theory and asks some pertinent questions about the limits and the future of economic theorizing. That is, I think, what sets it apart from many other studies in the history of economic thought: it is history with an eye to the future, and it does all this without making any demands on the mathematical skills of the reader. This book should therefore appeal to everybody who is interested in the methodology of economics and in exploring the boundaries of economic analysis.' Hans Visser, VU University, Amsterdam, The Netherlands This book deals with one of the most puzzling concepts in economic science, that of economic equilibrium. In modern economics, equilibrium is considered a key assumption, but its role is contested by economists both from within the mainstream and from rival schools of thought. What explains the contradictory assessments of the equilibrium concept in economics? Do economists belonging to different traditions disagree about the definition of equilibrium or do they adopt different rules for assessing scientific status? In this unique and exhaustive study, Bert Tieben answers these questions by investigating the history of equilibrium economics from 1700 to the present day. He concludes that ideology strongly coloured the development of this branch of theory, helping to explain the vehemence of the debates surrounding the concept. He also argues that scientific progress in economics may indeed be fostered by such opposition and contention, and calls for cross fertilization and stronger cooperation between the different schools of thought. This resourceful book will appeal to post graduate students and scholars in the history of economic thought and economic methodology. Both neoclassical and heterodox economists, most notably Austrian, post Keynesian and institutional economists, will also find much to interest them.

General Equilibrium Theory of Value

Yves Balasko
General Equilibrium Theory of Value Book PDF

Author : Yves Balasko
Publisher : Princeton University Press
Page : 192 pages
File Size : 40,5 Mb
Release : 2011-07-25
Category : Business & Economics
ISBN : 9781400838912

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General Equilibrium Theory of Value by Yves Balasko Pdf

The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms. The mathematical tools and properties for this theory have developed over time to accommodate and incorporate developments in economic theory, from multiple markets and economic agents to theories of production. Yves Balasko offers an extensive, up-to-date look at the standard theory of general equilibrium, to which he has been a major contributor. This book explains how the equilibrium manifold approach can be usefully applied to the general equilibrium model, from basic consumer theory and exchange economies to models with private ownership of production. Balasko examines properties of the standard general equilibrium model that are beyond traditional existence and optimality. He applies the theory of smooth manifolds and mappings to the multiplicity of equilibrium solutions and related discontinuities of market prices. The economic concepts and differential topology methods presented in this book are accessible, clear, and relevant, and no prior knowledge of economic theory is necessary. General Equilibrium Theory of Value offers a comprehensive foundation for the most current models of economic theory and is ideally suited for graduate economics students, advanced undergraduates in mathematics, and researchers in the field.

Equilibrium and Disequilibrium in Economic Theory

G. Schwödiauer
Equilibrium and Disequilibrium in Economic Theory Book PDF

Author : G. Schwödiauer
Publisher : Springer Science & Business Media
Page : 768 pages
File Size : 54,9 Mb
Release : 2012-12-06
Category : Social Science
ISBN : 9789401011556

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Equilibrium and Disequilibrium in Economic Theory by G. Schwödiauer Pdf

This volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the meeting and editor of its proceedings I want to thank the Institute for Advanced Studies for providing facilities and funds. I am also sincerely grateful to all my colleagues from the Institute for their generous help, in particular to Mrs Monika Herkner without whose assistance and organizational talent the conference would certainly not have been the success it in fact - in the opinion of all participants - turned out to have been. Furthermore, I wish to express my gratitude towards all participants in the meeting and contributors to the volume whose patient support of the whole enterprise proved indispensable. To Mrs Elfriede Auracher I am deeply indebted for her skillful and effective general management of the editorial work and her invaluable assistance in compiling the indexes.

Equilibrium in Economics

Valeria Mosini
Equilibrium in Economics Book PDF

Author : Valeria Mosini
Publisher : Routledge
Page : 311 pages
File Size : 51,6 Mb
Release : 2008-01-07
Category : Business & Economics
ISBN : 9781134165872

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Equilibrium in Economics by Valeria Mosini Pdf

General Equilibrium Theory, which became the dominating paradigm after the Second World War, is founded on the postulated existence, uniqueness, and stability of equilibrium in economic processes. Since then, the concept has come under sustained attack from all points of the heterodox compass, from Austrian economists to Marxists. Partly in response to these pressures, mainstream economics has changed and moved away from the rigid framework of GET. Nonetheless, economists are continually arguing in terms of equilibrium and the existence of a variety of equilibrium concepts continues to stir controversy. The contributions in this book, which include articles from Tony Lawson, Ivor Grattan-Guinness and Roger Backhouse, highlight current notions of equilibrium in economics and provide a guide to understanding the links between economic theory and economic reality.

Equilibrium and Economic Theory

Giovanni Alfredo Caravale
Equilibrium and Economic Theory Book PDF

Author : Giovanni Alfredo Caravale
Publisher : Routledge
Page : 217 pages
File Size : 46,7 Mb
Release : 2002-09-11
Category : Business & Economics
ISBN : 9781134764372

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Equilibrium and Economic Theory by Giovanni Alfredo Caravale Pdf

This book considers the treatment of equilibrium by several of the most important schools of thought in economics, including: * neoclassical economics, * the neo-Ricardian economics, * Post-Keynesian economics - both those who follow Joan Robinson in denying any interpretative role to equilibrium in economic theorizing and those who use the notion of equilibrium, but re-defined from a Classical or Keynesian perspective.

General Equilibrium

Yves Balasko
General Equilibrium Book PDF

Author : Yves Balasko
Publisher : Unknown
Page : 0 pages
File Size : 44,7 Mb
Release : 2020
Category : Equilibrium (Economics).
ISBN : 1788210409

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General Equilibrium by Yves Balasko Pdf

Written by one of the key pioneers in the field, this book offers an accessible introduction to general equilibrium theory. Written for undergraduates taking courses in economic theory and modelling who have limited mathematical proficiency, the book fills a gap between forbidding technical expositions and the less rigorous elementary ones.

Essays in Dynamic General Equilibrium Theory

Alessandro Citanna,John Donaldson,H. Polemarchakis,Paolo Siconolfi,Stephen Spear
Essays in Dynamic General Equilibrium Theory Book PDF

Author : Alessandro Citanna,John Donaldson,H. Polemarchakis,Paolo Siconolfi,Stephen Spear
Publisher : Springer Science & Business Media
Page : 278 pages
File Size : 44,8 Mb
Release : 2006-01-11
Category : Business & Economics
ISBN : 9783540271925

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Essays in Dynamic General Equilibrium Theory by Alessandro Citanna,John Donaldson,H. Polemarchakis,Paolo Siconolfi,Stephen Spear Pdf

In the area of dynamic economics, David Cass’s work has spawned a number of important lines of research, including the study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. Based on these contributions, this volume contains new developments in the field, written by Cass's students and co-authors.

General Equilibrium

Frank Hahn,Fabio Petri
General Equilibrium Book PDF

Author : Frank Hahn,Fabio Petri
Publisher : Routledge
Page : 398 pages
File Size : 40,8 Mb
Release : 2003-09-02
Category : Business & Economics
ISBN : 9781134433612

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General Equilibrium by Frank Hahn,Fabio Petri Pdf

In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb new book brings together leading economic theorists with important contributions to the ongoing debate. General equilibrium theorists including Michio Morishima, Michael Magill and Martine Quinzii debate strengths, weaknesses and possible futures with leading thinkers such as Herb Gintis, Pierangelo Garegnani and Duncan Foley, who seek to explain the rejection of general equilibrium. Uniquely, none of the contributors portray general equilibrium theory as the perfect guide to market economies actual behaviour, but rather illustrate that there is insufficient acquaintance with existing alternatives and that general equilibrium theory is often used as an ideal 'benchmark'.

General Equilibrium

Hayo Reinders
General Equilibrium Book PDF

Author : Hayo Reinders
Publisher : Springer
Page : 357 pages
File Size : 40,7 Mb
Release : 1989-03-01
Category : Business & Economics
ISBN : 9781349198023

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General Equilibrium by Hayo Reinders Pdf

This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the topic of general equilibrium.

Equilibrium Theory and Applications

William A. Barnett
Equilibrium Theory and Applications Book PDF

Author : William A. Barnett
Publisher : Cambridge University Press
Page : 504 pages
File Size : 52,7 Mb
Release : 1991
Category : Business & Economics
ISBN : 0521392195

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Equilibrium Theory and Applications by William A. Barnett Pdf

The Sixth Annual International Symposium in Economic Theory and Econometrics was dedicated to Jacques Drèze on the occasion of his retirement.

The Theory of General Economic Equilibrium

Andreu Mas-Colell
The Theory of General Economic Equilibrium Book PDF

Author : Andreu Mas-Colell
Publisher : Cambridge University Press
Page : 236 pages
File Size : 52,9 Mb
Release : 1985
Category : Business & Economics
ISBN : 0521388708

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The Theory of General Economic Equilibrium by Andreu Mas-Colell Pdf

This book brings together the author's pioneering work, written over the last twenty years, on the use of differential methods in general equilibrium theory.