Disequilibrium Foundations of Equilibrium Economics - Econometric Society Monographs (Paperback)
  • Disequilibrium Foundations of Equilibrium Economics - Econometric Society Monographs (Paperback)
zoom

Disequilibrium Foundations of Equilibrium Economics - Econometric Society Monographs (Paperback)

(author)
£40.99
Paperback 252 Pages / Published: 31/03/1989
  • We can order this

Usually despatched within 3 weeks

  • This item has been added to your basket
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.

Publisher: Cambridge University Press
ISBN: 9780521378567
Number of pages: 252
Weight: 380 g
Dimensions: 228 x 152 x 15 mm

You may also be interested in...

A Guide to Econometrics
Added to basket
Statistics for Business and Economics
Added to basket
An Introduction to Quantitative Finance
Added to basket
Essentials of Econometrics (Int'l Ed)
Added to basket
Economics After the Crisis
Added to basket
Encyclopedia of Chart Patterns
Added to basket
Mathematics for Economics
Added to basket
Minitab Demystified
Added to basket
Naked Statistics
Added to basket
£12.99
Paperback
Econometrics For Dummies
Added to basket
Introductory Econometrics
Added to basket
Poor Numbers
Added to basket
£16.99
Paperback

Reviews

Please sign in to write a review

Your review has been submitted successfully.