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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.

Economics --- Equilibrium (Economics) --- 330.1 --- AA / International- internationaal --- 330.01 --- Disequilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- Stagnation (Economics) --- Statics and dynamics (Social sciences) --- Economische grondbegrippen. Algemene begrippen in de economie --- Theorie van het economisch evenwicht. --- Prijstheorie --- Prijstheorie. --- 330.1 Economische grondbegrippen. Algemene begrippen in de economie --- DGE (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- SDGE (Economic theory) --- Theorie van het economisch evenwicht --- Business, Economy and Management

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Equilibrium (Economics) --- Economics, Mathematical --- Game theory --- Welfare economics --- 330.105 --- Economic policy --- Economics --- Social policy --- Games, Theory of --- Theory of games --- Mathematical models --- Mathematics --- Disequilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- Stagnation (Economics) --- Statics and dynamics (Social sciences) --- Mathematical economics --- Econometrics --- Wiskundige economie. Wiskundige methoden in de economie --- Methodology --- 330.105 Wiskundige economie. Wiskundige methoden in de economie --- DGE (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- SDGE (Economic theory)

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Quantitative methods (economics) --- Equilibrium (Economics) --- Statics and dynamics (Social sciences) --- 330.105 --- 330.1 --- 330.1 Economische grondbegrippen. Algemene begrippen in de economie --- Economische grondbegrippen. Algemene begrippen in de economie --- 330.105 Wiskundige economie. Wiskundige methoden in de economie --- Wiskundige economie. Wiskundige methoden in de economie --- Dynamics and statics (Social sciences) --- Equilibrium (Social sciences) --- Economics --- Social evolution --- Social sciences --- Sociology --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory)

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Money --- Prices --- Inflation (finance) --- Equilibrium (Economics) --- AA / International- internationaal --- 380.21 --- 333.400 --- 333.403 --- 380.20 --- 330.01 --- Elasticiteit van de vraag en het aanbod. --- Geldwezen: algemeenheden. --- Monetaire theorieën. Kwantitatieve theorie. Theorie van de incasso's. Optiek van de uitgaven en inkomens. --- Prijstheorieën: algemeenheden. --- Theorie van het economisch evenwicht. --- Inflation (Finance) --- Commercial products --- Commodity prices --- Justum pretium --- Price theory --- Consumption (Economics) --- Cost --- Costs, Industrial --- Cost and standard of living --- Supply and demand --- Value --- Wages --- Willingness to pay --- Currency --- Monetary question --- Money, Primitive --- Specie --- Standard of value --- Exchange --- Finance --- Banks and banking --- Coinage --- Currency question --- Gold --- Silver --- Silver question --- Wealth --- Natural rate of unemployment --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Economics --- Statics and dynamics (Social sciences) --- Theorie van het economisch evenwicht --- Geldwezen: algemeenheden --- Monetaire theorieën. Kwantitatieve theorie. Theorie van de incasso's. Optiek van de uitgaven en inkomens --- Prijstheorieën: algemeenheden --- Elasticiteit van de vraag en het aanbod