Disequilibrium Foundations of Equilibrium Economics

Disequilibrium Foundations of Equilibrium Economics
Author :
Publisher :
Total Pages : 236
Release :
ISBN-10 : 0521242649
ISBN-13 : 9780521242646
Rating : 4/5 (646 Downloads)

Book Synopsis Disequilibrium Foundations of Equilibrium Economics by : Franklin M. Fisher

Download or read book Disequilibrium Foundations of Equilibrium Economics written by Franklin M. Fisher and published by . This book was released on 1983 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Disequilibrium Foundations of Equilibrium Economics Related Books

Disequilibrium Foundations of Equilibrium Economics
Language: en
Pages: 236
Authors: Franklin M. Fisher
Categories: Business & Economics
Type: BOOK - Published: 1983 - Publisher:

DOWNLOAD EBOOK

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 n
Transforming Modern Macroeconomics
Language: en
Pages: 239
Authors: Roger E. Backhouse
Categories: Business & Economics
Type: BOOK - Published: 2013 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

Since the 1950s, macroeconomics has been transformed. This book is about one of the most important aspects of that transformation: the attempt, through the end
The Foundations of Non-Equilibrium Economics
Language: en
Pages: 214
Authors: Sebastian Berger
Categories: Business & Economics
Type: BOOK - Published: 2009-09-10 - Publisher: Routledge

DOWNLOAD EBOOK

This thought-provoking volume seeks to answer some of the ultimate economic questions in terms of a theory that emerged with Adam Smith and is now come to full
Strategizing, Disequilibrium, and Profit
Language: en
Pages: 280
Authors: John A. Mathews
Categories: BUSINESS & ECONOMICS
Type: BOOK - Published: 2022 - Publisher:

DOWNLOAD EBOOK

This book starts from the proposition that frameworks used in business strategy lack realism because they are built on equilibrium-based foundations carried ove
The Concept of Equilibrium in Different Economic Traditions
Language: en
Pages: 689
Authors: Bert Tieben
Categories: Business & Economics
Type: BOOK - Published: 2012-07-01 - Publisher: Edward Elgar Publishing

DOWNLOAD EBOOK

'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