Disequilibrium Foundations of Equilibrium Economics

Franklin M. (Massachusetts Institute of Technology) Fisher

Cambridge University Press, 1989

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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. In this 1984 book, a review of the existing literature on the stability of general equilibrium is followed by the proposal of a more satisfactory general model for analysis.

ISBN-13
9780521378567
ISBN-10
0521378567
Publisher
Cambridge University Press
Year
1989
Publication date
1989-03-31
Pages
252
Dimensions
229x152x15
Weight
38