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Author: János Kornai
Publisher: Elsevier Science & Technology
Published: 1972
Total Pages: 432
ISBN-13:
DOWNLOAD EBOOKDownload or read book Anti-equilibrium written by János Kornai and published by Elsevier Science & Technology. This book was released on 1972 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author: János Kornai
Publisher: Augustus m Kelley Pubs
Published: 1971
Total Pages: 402
ISBN-13: 9780678014615
DOWNLOAD EBOOKDownload or read book Anti-equilibrium written by János Kornai and published by Augustus m Kelley Pubs. This book was released on 1971 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author: Hermann Witte
Publisher: LIT Verlag Münster
Published: 2021-12-20
Total Pages: 356
ISBN-13: 3643914725
DOWNLOAD EBOOKEquilibria protect against crisis. All disciplines of sciences have the objective to create equilibria. But economics are not successful in this point. Here a simple equilibrium model based on a wage-price-rule is demonstrated. Economics are able to create economic equilibria by using this rule. But in economic systems there are a lot of rules, especially in accounting, which make economic equilibria impossible. These rules must be changed. If it is possible to create economic equilibria, the side-effect is the realization of economic sustainability.
Download or read book Lingen Equilibrium Model The written by Hermann Witte and published by LIT Verlag Münster. This book was released on 2021-12-20 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Equilibria protect against crisis. All disciplines of sciences have the objective to create equilibria. But economics are not successful in this point. Here a simple equilibrium model based on a wage-price-rule is demonstrated. Economics are able to create economic equilibria by using this rule. But in economic systems there are a lot of rules, especially in accounting, which make economic equilibria impossible. These rules must be changed. If it is possible to create economic equilibria, the side-effect is the realization of economic sustainability.
Author: F. H. Hahn
Publisher: Cambridge University Press
Published: 1973-06-07
Total Pages: 52
ISBN-13: 9780521203265
DOWNLOAD EBOOKDownload or read book On the Notion of Equilibrium in Economics written by F. H. Hahn and published by Cambridge University Press. This book was released on 1973-06-07 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author: Valeria Mosini
Publisher: Routledge
Published: 2008-01-07
Total Pages: 311
ISBN-13: 1134165870
DOWNLOAD EBOOKGeneral Equilibrium Theory, which became the dominating paradigm after the Second World War, is founded on the postulated existence, uniqueness, and stability of equilibrium in economic processes. Since then, the concept has come under sustained attack from all points of the heterodox compass, from Austrian economists to Marxists. Partly in response to these pressures, mainstream economics has changed and moved away from the rigid framework of GET. Nonetheless, economists are continually arguing in terms of equilibrium and the existence of a variety of equilibrium concepts continues to stir controversy. The contributions in this book, which include articles from Tony Lawson, Ivor Grattan-Guinness and Roger Backhouse, highlight current notions of equilibrium in economics and provide a guide to understanding the links between economic theory and economic reality.
Download or read book Equilibrium in Economics written by Valeria Mosini and published by Routledge. This book was released on 2008-01-07 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: General Equilibrium Theory, which became the dominating paradigm after the Second World War, is founded on the postulated existence, uniqueness, and stability of equilibrium in economic processes. Since then, the concept has come under sustained attack from all points of the heterodox compass, from Austrian economists to Marxists. Partly in response to these pressures, mainstream economics has changed and moved away from the rigid framework of GET. Nonetheless, economists are continually arguing in terms of equilibrium and the existence of a variety of equilibrium concepts continues to stir controversy. The contributions in this book, which include articles from Tony Lawson, Ivor Grattan-Guinness and Roger Backhouse, highlight current notions of equilibrium in economics and provide a guide to understanding the links between economic theory and economic reality.
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
Published: 2024-03-26
Total Pages: 282
ISBN-13:
DOWNLOAD EBOOKWhat is General Equilibrium Theory In economics, the general equilibrium theory seeks to explain the behavior of supply, demand, and prices in a whole economy that contains several or many markets that interact with one another. This is accomplished by attempting to demonstrate that the interaction of demand and supply will result in an overall general equilibrium. The theory of general equilibrium stands in contrast to the theory of partial equilibrium, which performs an analysis of a particular component of an economy while maintaining the status quo for all other aspects of the economy. Constant influences are deemed to be noneconomic, or, to put it another way, thought to be beyond the scope of economic study, when the economy is described as being in general equilibrium. The noneconomic impacts, on the other hand, are subject to change in response to changes in the economic factors; hence, the accuracy of the forecast made by an equilibrium model may be contingent on the independence of the economic components from the noneconomic ones. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: General equilibrium theory Chapter 2: Neoclassical economics Chapter 3: Perfect competition Chapter 4: Léon Walras Chapter 5: Welfare economics Chapter 6: Gérard Debreu Chapter 7: Edgeworth box Chapter 8: Arrow-Debreu model Chapter 9: Fundamental theorems of welfare economics Chapter 10: Walrasian auction Chapter 11: Walras's law Chapter 12: David Cass Chapter 13: Sonnenschein-Mantel-Debreu theorem Chapter 14: Lionel W. McKenzie Chapter 15: Competitive equilibrium Chapter 16: Mathematical economics Chapter 17: Roy Radner Chapter 18: Jacques Drèze Chapter 19: Disequilibrium macroeconomics Chapter 20: Excess demand function Chapter 21: Abstract economy (II) Answering the public top questions about general equilibrium theory. (III) Real world examples for the usage of general equilibrium theory in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of General Equilibrium Theory.
Download or read book General Equilibrium Theory written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-03-26 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is General Equilibrium Theory In economics, the general equilibrium theory seeks to explain the behavior of supply, demand, and prices in a whole economy that contains several or many markets that interact with one another. This is accomplished by attempting to demonstrate that the interaction of demand and supply will result in an overall general equilibrium. The theory of general equilibrium stands in contrast to the theory of partial equilibrium, which performs an analysis of a particular component of an economy while maintaining the status quo for all other aspects of the economy. Constant influences are deemed to be noneconomic, or, to put it another way, thought to be beyond the scope of economic study, when the economy is described as being in general equilibrium. The noneconomic impacts, on the other hand, are subject to change in response to changes in the economic factors; hence, the accuracy of the forecast made by an equilibrium model may be contingent on the independence of the economic components from the noneconomic ones. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: General equilibrium theory Chapter 2: Neoclassical economics Chapter 3: Perfect competition Chapter 4: Léon Walras Chapter 5: Welfare economics Chapter 6: Gérard Debreu Chapter 7: Edgeworth box Chapter 8: Arrow-Debreu model Chapter 9: Fundamental theorems of welfare economics Chapter 10: Walrasian auction Chapter 11: Walras's law Chapter 12: David Cass Chapter 13: Sonnenschein-Mantel-Debreu theorem Chapter 14: Lionel W. McKenzie Chapter 15: Competitive equilibrium Chapter 16: Mathematical economics Chapter 17: Roy Radner Chapter 18: Jacques Drèze Chapter 19: Disequilibrium macroeconomics Chapter 20: Excess demand function Chapter 21: Abstract economy (II) Answering the public top questions about general equilibrium theory. (III) Real world examples for the usage of general equilibrium theory in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of General Equilibrium Theory.
Author: G. Schwödiauer
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 768
ISBN-13: 9401011559
DOWNLOAD EBOOKThis volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the meeting and editor of its proceedings I want to thank the Institute for Advanced Studies for providing facilities and funds. I am also sincerely grateful to all my colleagues from the Institute for their generous help, in particular to Mrs Monika Herkner without whose assistance and organizational talent the conference would certainly not have been the success it in fact - in the opinion of all participants - turned out to have been. Furthermore, I wish to express my gratitude towards all participants in the meeting and contributors to the volume whose patient support of the whole enterprise proved indispensable. To Mrs Elfriede Auracher I am deeply indebted for her skillful and effective general management of the editorial work and her invaluable assistance in compiling the indexes.
Download or read book Equilibrium and Disequilibrium in Economic Theory written by G. Schwödiauer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the meeting and editor of its proceedings I want to thank the Institute for Advanced Studies for providing facilities and funds. I am also sincerely grateful to all my colleagues from the Institute for their generous help, in particular to Mrs Monika Herkner without whose assistance and organizational talent the conference would certainly not have been the success it in fact - in the opinion of all participants - turned out to have been. Furthermore, I wish to express my gratitude towards all participants in the meeting and contributors to the volume whose patient support of the whole enterprise proved indispensable. To Mrs Elfriede Auracher I am deeply indebted for her skillful and effective general management of the editorial work and her invaluable assistance in compiling the indexes.
Author: Bert Tieben
Publisher: Edward Elgar Publishing
Published: 2012-07-01
Total Pages: 689
ISBN-13: 1781953511
DOWNLOAD EBOOK'Bert Tieben is very well read in the history of economic thought and provides an overview of one of the basic concepts of economics that is unrivalled both in its scope and in its thoughtful and detailed discussion of the various currents and schools. It goes right to the heart of economic theory and asks some pertinent questions about the limits and the future of economic theorizing. That is, I think, what sets it apart from many other studies in the history of economic thought: it is history with an eye to the future, and it does all this without making any demands on the mathematical skills of the reader. This book should therefore appeal to everybody who is interested in the methodology of economics and in exploring the boundaries of economic analysis.' Hans Visser, VU University, Amsterdam, The Netherlands This book deals with one of the most puzzling concepts in economic science, that of economic equilibrium. In modern economics, equilibrium is considered a key assumption, but its role is contested by economists both from within the mainstream and from rival schools of thought. What explains the contradictory assessments of the equilibrium concept in economics? Do economists belonging to different traditions disagree about the definition of equilibrium or do they adopt different rules for assessing scientific status? In this unique and exhaustive study, Bert Tieben answers these questions by investigating the history of equilibrium economics from 1700 to the present day. He concludes that ideology strongly coloured the development of this branch of theory, helping to explain the vehemence of the debates surrounding the concept. He also argues that scientific progress in economics may indeed be fostered by such opposition and contention, and calls for cross fertilization and stronger cooperation between the different schools of thought. This resourceful book will appeal to post graduate students and scholars in the history of economic thought and economic methodology. Both neoclassical and heterodox economists, most notably Austrian, post Keynesian and institutional economists, will also find much to interest them.
Download or read book The Concept of Equilibrium in Different Economic Traditions written by Bert Tieben and published by Edward Elgar Publishing. This book was released on 2012-07-01 with total page 689 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Bert Tieben is very well read in the history of economic thought and provides an overview of one of the basic concepts of economics that is unrivalled both in its scope and in its thoughtful and detailed discussion of the various currents and schools. It goes right to the heart of economic theory and asks some pertinent questions about the limits and the future of economic theorizing. That is, I think, what sets it apart from many other studies in the history of economic thought: it is history with an eye to the future, and it does all this without making any demands on the mathematical skills of the reader. This book should therefore appeal to everybody who is interested in the methodology of economics and in exploring the boundaries of economic analysis.' Hans Visser, VU University, Amsterdam, The Netherlands This book deals with one of the most puzzling concepts in economic science, that of economic equilibrium. In modern economics, equilibrium is considered a key assumption, but its role is contested by economists both from within the mainstream and from rival schools of thought. What explains the contradictory assessments of the equilibrium concept in economics? Do economists belonging to different traditions disagree about the definition of equilibrium or do they adopt different rules for assessing scientific status? In this unique and exhaustive study, Bert Tieben answers these questions by investigating the history of equilibrium economics from 1700 to the present day. He concludes that ideology strongly coloured the development of this branch of theory, helping to explain the vehemence of the debates surrounding the concept. He also argues that scientific progress in economics may indeed be fostered by such opposition and contention, and calls for cross fertilization and stronger cooperation between the different schools of thought. This resourceful book will appeal to post graduate students and scholars in the history of economic thought and economic methodology. Both neoclassical and heterodox economists, most notably Austrian, post Keynesian and institutional economists, will also find much to interest them.
Author: Peter C. Ordeshook
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 217
ISBN-13: 9400973802
DOWNLOAD EBOOKPeter C. Ordeshook and Kenneth A. Shepsle If the inaugural date of modern economics is set at 1776 with the publication of Adam Smith's The Wealth of Nations, then the analytical tradition in the study of politics is not even a decade younger, commencing nine years later with the publication of the Marquis de Condorcet's Essai sur l'application de l'analyse iz la probabilite des decisions rendues iz la pluralite des voix. The parallel, however, stops there for, unlike Smith and other classical economists who laid an intel lectual foundation upon which a century of cumulative scientific research pro ceeded, analytical political science suffered fits and starts. Condorcet, himself, acknowledges the earlier work (predating the Essai by some fourteen years) of Borda and, from time to time during the nineteenth century, their contributions were rediscovered by Dodgson, Nanson, and other political philosophers and arithmeticians. But, by century's end, there was nothing in political science to compare to the grand edifice of general equilibrium theory in neoclassical eco nomics. Despite roots traversing two centuries, then, the analytical study of poli tics is a twentieth-century affair. The initial inspiration and insight of Condorcet was seized upon just after World War II by Duncan Black, who wrote several papers on the equilibrium properties of majority rule in specific contexts (Black, 1948a, b). He expanded upon these themes in his now deservedly famous monograph, The Theory of xi PREFACE xii Committees and Elections, and the lesser-known essay with R.A.
Download or read book Political Equilibrium: A Delicate Balance written by Peter C. Ordeshook and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter C. Ordeshook and Kenneth A. Shepsle If the inaugural date of modern economics is set at 1776 with the publication of Adam Smith's The Wealth of Nations, then the analytical tradition in the study of politics is not even a decade younger, commencing nine years later with the publication of the Marquis de Condorcet's Essai sur l'application de l'analyse iz la probabilite des decisions rendues iz la pluralite des voix. The parallel, however, stops there for, unlike Smith and other classical economists who laid an intel lectual foundation upon which a century of cumulative scientific research pro ceeded, analytical political science suffered fits and starts. Condorcet, himself, acknowledges the earlier work (predating the Essai by some fourteen years) of Borda and, from time to time during the nineteenth century, their contributions were rediscovered by Dodgson, Nanson, and other political philosophers and arithmeticians. But, by century's end, there was nothing in political science to compare to the grand edifice of general equilibrium theory in neoclassical eco nomics. Despite roots traversing two centuries, then, the analytical study of poli tics is a twentieth-century affair. The initial inspiration and insight of Condorcet was seized upon just after World War II by Duncan Black, who wrote several papers on the equilibrium properties of majority rule in specific contexts (Black, 1948a, b). He expanded upon these themes in his now deservedly famous monograph, The Theory of xi PREFACE xii Committees and Elections, and the lesser-known essay with R.A.
Author: Brian J. Loasby
Publisher: Manchester University Press
Published: 1991
Total Pages: 136
ISBN-13: 9780719034886
DOWNLOAD EBOOKThis work, based upon the two Manchester Special Lectures given by the author in 1989-90, and focusing on the central economic issues of co-ordination and change, treats these as problems of equilibrium in the case of co-ordination and as problems of evolution in the case of change.
Download or read book Equilibrium and Evolution written by Brian J. Loasby and published by Manchester University Press. This book was released on 1991 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work, based upon the two Manchester Special Lectures given by the author in 1989-90, and focusing on the central economic issues of co-ordination and change, treats these as problems of equilibrium in the case of co-ordination and as problems of evolution in the case of change.
