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Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began only in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the twentieth century, referred to by Lionel McKenzie as the classical general equilibrium theory. McKenzie offers detailed and rigorous treatment of the classical model, giving step-by-step proofs of the basic theorems. In many cases he elaborates on the individual steps to give a fuller understanding of the underlying principles. His goal is to provide readers with a true mastery of the methodology so that they can derive new results that will further enrich their thinking about general equilibrium theory. Special attention is given to the McKenzie model, in which it is not assumed that the number of firms is given but rather that technologies or activities are available to any agents who can supply the resources they require. The McKenzie model is used to establish the turnpike theorems of optimal and competitive capital accumulation.

Business & Economics --- Economic Theory --- Equilibrium (Economics) --- History. --- ECONOMICS/Microeconomics --- 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)

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La théorie de la régulation vise à élaborer un ensemble de concepts et de méthodes permettant d'analyser tant les changements structurels que les périodes de croissance économique rapide. Apporte une description synthétique et systématique des recherches menées en France, en Europe, mais aussi en Amérique latine, aux Etats-Unis et au Japon.

Equilibrium (Economics) --- Economic policy. --- Capitalism. --- Capitalism --- Economic policy --- 321.2 --- 331.062 --- 331.31 --- 336.01 --- AA / International- internationaal --- 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) --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Market economy --- Profit --- Capital --- Economisch beleid van de overheid --- Anticyclisch beleid. Rational expectations --- Economisch beleid --- Overheidsbemoeiing op economisch gebied

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Foreign exchange --- Equilibrium (Economics) --- Competition, imperfect --- Oligopolies --- AA / International- internationaal --- 305.92 --- 382.11 --- 380.4 --- 380.20 --- Econometrie van de internationale handel. Handelsbalans, betalingsbalans. Wissel. --- Theorie van het internationale evenwicht. Economische onafhankelijkheid van een natie. Globalisering. Mondialisering. --- Theorie van het ruilverkeer. --- Prijstheorieën: algemeenheden. --- Competition, Imperfect --- Economic concentration --- Monopolies, Partial --- Partial monopolies --- Interorganizational relations --- Cambistry --- Currency exchange --- Exchange, Foreign --- Foreign currency --- Foreign exchange problem --- Foreign money --- Forex --- FX (Finance) --- International exchange --- International finance --- Currency crises --- 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) --- Imperfect competition --- Monopolies --- Econometrie van de internationale handel. Handelsbalans, betalingsbalans. Wissel --- Prijstheorieën: algemeenheden --- Theorie van het ruilverkeer --- Theorie van het internationale evenwicht. Economische onafhankelijkheid van een natie. Globalisering. Mondialisering

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This book was initiated while the three major authors were at the Development Centre of Organisation for Economic Cooperation and Development (OECD) in Paris, working on its program on economic growth, trade, and sustainability. We wish to thank the OECD Development Centre for its support. The book was completed during summer 2001 at the Center for Agricultural and Rural Development (CARD) at Iowa State University. We appreciate the resources and financial support CARD provided for publication of this work. Sandra Clarke provided technical editing of the manuscripts and oversaw the indexing of the book; Becky Olson prepared the camera-ready copy of the final manuscript. We thank them for their instrumental help in these last steps. Part of the work presented in this volume previously appeared in some form in journals. The analysis of Chile presented in Chapter 6 appeared as “Growth, Trade, Pollution and Natural-Resource Use in Chile. Evidence from an Economywide Model,” Agricultural Economics 19(1998): 87-97; and as “Trade Integration, Environmental Degradation, and Public Health in Chile: Assessing the Linkages,” Environment and Development Economics, in press. The work on Costa Rica and Indonesia summarised in Chapter 10 appeared as “Is There a Trade-off Between Trade Liberalisation and Pollution Abatement in Costa Rica? A Computable General Equilibrium Assessment,” Journal of Policy Modeling 20(1): 11-31; and as “The Environment and Welfare Implications of Trade and Tax Policy,” Journal of Development Economics 52(1997): 65-82.

Developing countries -- Commercial policy -- Environmental aspects. --- Electronic books. -- local. --- Equilibrium (Economics). --- Globalization. --- Equilibrium (Economics) --- Globalization --- International Commerce --- Commerce --- Business & Economics --- International economics. --- Environmental economics. --- Economic growth. --- Public finance. --- Social sciences. --- International Economics. --- Environmental Economics. --- Economic Growth. --- Public Economics. --- Methodology of the Social Sciences. --- Developing countries --- Commercial policy --- Environmental aspects. --- Behavioral sciences --- Human sciences --- Sciences, Social --- Social science --- Social studies --- Civilization --- Cameralistics --- Public finance --- Public finances --- Currency question --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Environmental quality --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- International relations --- Economic sanctions --- Environmental aspects --- Economic aspects --- Global cities --- Globalisation --- Internationalization --- Anti-globalization movement --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Emerging nations --- Fourth World --- Global South --- LDC's --- Least developed countries --- Less developed countries --- Newly industrialized countries --- Newly industrializing countries --- NICs (Newly industrialized countries) --- Third World --- Underdeveloped areas --- Underdeveloped countries