Go back

Disequilibrium Foundations Of Equilibrium Economics(1st Edition)

Authors:

Franklin M Fisher

12 ratings

Get FreeFor $0
4 Copies Sold Today

Cover Type:Hardcover

Condition:Used

In Stock

Shipment time

Expected shipping within 2 Days

Popular items with books

Access to 30 Million+ solutions Free ✝

Ask 50 Questions from expert AI-Powered Answers

✝ 7 days-trial

Total Price:

List Price: $64.15 Savings: $64.15(100%)

Book details

ISBN: 0521242649, 978-0521242646

Book publisher: Cambridge University Press

Get your hands on the best-selling book Disequilibrium Foundations Of Equilibrium Economics 1st Edition for free. Feed your curiosity and let your imagination soar with the best stories coming out to you without hefty price tags. Browse SolutionInn to discover a treasure trove of fiction and non-fiction books where every page leads the reader to an undiscovered world. Start your literary adventure right away and also enjoy free shipping of these complimentary books to your door.

Book Summary: 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 First Step In Such A Foundation Is A Theory Of Stability, And This Book Is Primarily Concerned With That Subject. The Author First Reviews The Older Literature On The Stability Of General Equilibrium And Goes On To Consider A More Satisfactory General Model In Which Agents Realize That They Are In Disequilibrium And Act On Arbitrage Opportunities. Topics Explored Along The Way Include Optimal Arbitrage Behavior, The Relation Of Perceived Monopoly Power To Quantity Constraints, And The Role Of Money.