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Classical general equilibrium theory
Author:
ISBN: 0262134136 0262633302 9780262633307 9780262134132 Year: 2002 Publisher: Cambridge, Mass. MIT Press

The flawed foundations of general equilibrium : critical essays on economic theory
Author:
ISBN: 0415654866 0203799968 128005283X 0203694090 0415700019 0429234902 1135997381 9780203799963 0203682289 9780203682289 9786610052837 6610052832 9780415700016 9781135997380 9781135997335 9781135997373 9780415654869 1135997373 Year: 2004 Publisher: London ; New York : Routledge,

General equilibrium : problems and prospects
Authors: ---
ISBN: 0415296919 9786610289868 113443362X 0203217616 1280289864 0415863082 0203294432 9780203217610 0203273303 9780203273302 9780415296915 9781134433629 9781134433575 1134433573 9781134433612 1134433611 9780415863087 6610289867 9781280289866 Year: 2003 Publisher: London ; New York : Routledge,

Classical general equilibrium theory
Author:
ISBN: 0585436819 0262279525 9780262279529 9780585436814 9780262134132 0262134136 Year: 2002 Publisher: Cambridge, Mass. MIT Press

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Abstract

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.


Book
Economic disturbances and equilibrium in an integrated global economy
Authors: ---
ISBN: 0128139943 0128139935 9780128139943 9780128139936 Year: 2018 Publisher: London

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Economic Disturbances and Equilibrium in an Integrated Global Economy: Investment Insights and Policy Analysis helps readers develop a framework for analyzing economic events and make better, more consistent decisions. Victor Canto presents the theoretical building blocks that make up the overall framework, then expands the framework to tackle more complex problems, applying additional considerations to actual policy or investment issues. Drawing upon the most recent trends in monetary policy and international economics, the book offers sustained direct engagement with the main research question and makes innovative use of the simple concepts of supply and demand to illuminate modern finance literature. The book succeeds by highlighting the often-forgotten interconnectedness of different economic processes. How do we respond to a change in policy or an economic shock? Are all the expected changes to the general equilibrium consistent with each other? Helps readers build an intellectual framework that enables them to interpret articles in the financial press and policy decisions in a logical and consistent manner Differs from other books by eschewing partial equilibria analyses and instead providing a general equilibrium perspective useful for investors and policy makers Provides supporting data on a freely-accessible website so readers can test and replicate results

Dynamic macroeconomics : instability, fluctuation, and growth in monetary economics
Authors: --- ---
ISBN: 0262272814 0585133662 9780585133669 0262061910 9780262272810 Year: 1997 Publisher: Cambridge, Mass. : MIT Press,

Foundations for a disequilibrium theory of the business cycle : qualitative analysis and quantitative assessment
Authors: --- --- ---
ISBN: 9780511492402 9780521850254 9780521369923 0511132867 9780511132865 0511492405 0521850258 0521369924 1107153603 1281217948 9786611217945 0511200889 0511132549 0511311141 0511132328 Year: 2005 Publisher: Cambridge : Cambridge University Press,

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Building on The Dynamics of Keynesian Monetary Growth by Chiarella and Flaschel (2000), this 2005 book is a key contribution to business cycle theory, setting out a disequilibrium approach with gradual adjustments of the key macroeconomic variables. Its analytic study of a deterministic model of economic activity, inflation and income distribution integrates elements in the tradition of Keynes, Metzler and Goodwin (KMG). After a qualitative analysis of the basic feedback mechanisms, the authors calibrate the KMG model to the stylized facts of the business cycle in the U.S. economy, and then undertake a detailed numerical investigation of the local and global dynamics generated by the model. Finally, topical issues in monetary policy are studied in small macromodels as well as for the KMG model by incorporating an estimated Taylor-type interest rate reaction function. The stability features of this enhanced model are also compared to those of the original KMG model.


Book
Rethinking macroeconomics with endogenous market structure
Authors: --- ---
ISBN: 1108595693 1108697011 1108693067 1108482600 Year: 2019 Publisher: New York : Cambridge university press,

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The birth and death of firms is one of the main features of the business cycle. Yet mainstream DGSE macroeconomic models mostly ignore this phenomenon, thereby excluding any potential impact of economic policy on the probability of the birth and death of firms. Those DGSE models that do allow for this phenomenon do so at the cost of drastic simplifications, which effectively rule out causal links between the strategic interaction of industrial firms and the macroeconomy. This innovative new book develops a bottom-up, agent-based framework that shows how strategic interactions at the level of oligopolistic firms, and even at the level of individuals, affect entire industrial sectors and the equilibrium of the macroeconomy. It will appeal to academic researchers and graduate students working in computational economics, agent-based modelling and econophysics, as well as mainstream economists interested in learning more about alternatives to DGSE models in macroeconomics.


Book
Environmental Economics
Authors: ---
ISBN: 9783031059292 Year: 2022 Publisher: Cham Springer International Publishing :Imprint: Springer


Book
Adam Smith's invisible hand as self-control mechanism of social structures : theory and applications
Author:
ISBN: 9783031062568 Year: 2022 Publisher: Cham, Switzerland : Springer,

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