Money And General Equilibrium Theory

Money and General Equilibrium Theory PDF
Author: Pascal Bridel
Publisher: Edward Elgar Pub
ISBN:
Size: 25.45 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 197
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Bridel (economics, U. of Lausanne, Switzerland) reconstructs the pioneering attempts of Leon Walras (1834-1910) and Vilfredo Pareto (1848-1923) to coordinate money and general equilibrium theory. He argues that the very logic of the original static general equilibrium model excludes the integration of monetary and value theory, shows how money is prevented from playing its essential role as a social institution in allowing monetary exchanges between individuals, and calls for some radical re- thinking about the theoretical construction on which much modern economic theory is based. Annotation copyrighted by Book News, Inc., Portland, OR

General Equilibrium

General Equilibrium PDF
Author: W. D. A. Bryant
Publisher: World Scientific
ISBN: 9812818359
Size: 22.17 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 492
View: 6342

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General Equilibrium Theory studies the properties and operation of free market economies. The field is a response to a series of questions originally outlined by Leon Walras about the operation of markets and posed by Frank Hahn in the following way: OCyDoes the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence OCo and if so, how is that achieved?OCO This is always an apt question, but particularly so given the OCyGlobal Financial CrisisOCO that emerged from the operation of market economies in the Americas and Europe in mid to late 2008. The answer that General Equilibrium Theory provides to the Walras-Hahn question is that, under certain conditions coherence is possible, while under certain other conditions chaos, in various forms, is likely to prevail. The conditionality of either outcome is not always well understood OCo neither by proponents of, or antagonists to, the OCyfree market positionOCO. Consequently, this book attempts to show something of what General Equilibrium Theory has to say about the wisdom or otherwise of always relying on OCymarket forcesOCO to manage complex socio-economic systems. Sample Chapter(s). Chapter 1: General Equilibrium Theory: An Overview (138 KB). Contents: General Equilibrium Theory: An Overview; Existence of Equilibrium: Sufficient Conditions; Existence of Equilibrium: Necessary Conditions; Equilibrium and Irreducibility: Some Empirical Evidence; Existence of Equilibrium Under Alternative Income Conditions; Existence of Walrasian Equilibrium in Some NonOCoArrow-Debreu Environments; Uniqueness of Equilibrium; Stability of Equilibrium; Optimality of Equilibrium; Comparative Statics of Equilibrium States; Empirical Evidence on General Equilibrium; General Equilibrium Theory in Retrospect. Readership: Advanced undergraduates and graduate students in economics; economists interested in economic theory."

General Equilibrium Theory

General Equilibrium Theory PDF
Author: Ross M. Starr
Publisher: Cambridge University Press
ISBN: 9780521564731
Size: 76.49 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 250
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General Equilibrium Theory: An Introduction presents to students general equilibrium analysis.

General Equilibrium Analysis

General Equilibrium Analysis PDF
Author: Pascal Bridel
Publisher: Routledge
ISBN: 1136719822
Size: 53.34 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 160
View: 2966

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2010 marks the hundredth anniversary of the death of Léon Walras, the brilliant originator and first formaliser of general equilibrium theory – one of the pillars of modern economic theory. In advancing much derided practical solutions Walras also displayed more concern for the problems of living in a second best world than is common in modern pure theories of the invisible hand, efficient market hypothesis, DSGE macroeconomics or the thinking of some contemporary free market admirers all based on general equilibrium theory. This book brings contributions from the likes of Kenneth Arrow, Alan Kirman, Richard Posner, Amartya Sen and Robert Solow to share their thoughts and reflections on the theoretical heritage of Léon Walras. Some authors reminisce on the part they played in the development of modern general economics theory; others reflect on the crucial part played by general equilibrium in the development of macroeconomics, microeconomics, growth theory, welfare economics and the theory of justice; others still complain about the wrong path economic theory took under the influence of post 1945 developments in general equilibrium theory.

The Walrasian General Equilibrium Theory

The Walrasian General Equilibrium Theory PDF
Author: Siamak Hadifar
Publisher: GRIN Verlag
ISBN: 366869429X
Size: 52.89 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 28
View: 4887

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Essay from the year 2017 in the subject Economics - Micro-economics, grade: 2,0, University of Bratislava, language: English, abstract: The question about how the different economic units such as consumers, governments, and enterprises operate in a competitive markets und make the decisions under conditions of limited amounts of resources is a main subject of studies of the economic science. The lack of resources has turned into a vexed problem in recent years, while people’s desires keep increasing. In order to deal with such a conflict, these three basic questions should be answered by economic systems: What services and goods should be produced and in what quantities? How should these services and goods be produced? Who would be the end customers of such services und goods and how should these should be distributed? Microeconomic theory defines and models an economic activity as an interaction of individuals (economic agents) pursuing their private interests. Considering different microeconomic processes for better understanding the principles of the whole economy we are interested in how the goods are distributed among consumers within different markets. What condition markets’ outcomes, i.e. prices of goods and services and quantities traded, are agents’ behavioral characteristics and the market mechanisms, described of law of supply and demand. It is common to divide two large and groups of agents - households and firms, each of them plays its own role in the market.

Introduction To General Equilibrium Theory And Welfare Economics

Introduction to General Equilibrium Theory and Welfare Economics PDF
Author: James P. Quirk
Publisher: New York : McGraw-Hill
ISBN:
Size: 14.45 MB
Format: PDF, ePub
Category : Economics, Mathematical
Languages : en
Pages : 221
View: 3620

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The setting: individual economic agents; The setting: supply and demand, competitive equilibrium; Existence and uniqueness; Welare economics.

General Equilibrium Theory

General Equilibrium Theory PDF
Author: Takashi Negishi
Publisher: Edward Elgar Pub
ISBN:
Size: 44.99 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 417
View: 4828

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General Equilibrium Theory, the first volume of Takashi Negishi's collected essays, contains some of his most important contributions on the theory and application of general equilibrium analysis published over the last 30 years.

Computational Aspects Of General Equilibrium Theory

Computational Aspects of General Equilibrium Theory PDF
Author: Donald Brown
Publisher: Springer Science & Business Media
ISBN: 9783540765912
Size: 19.71 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 204
View: 5031

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This monograph presents a general equilibrium methodology for microeconomic policy analysis. It is intended to serve as an alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreu`s Theory of Value (1959) or Arrow and Hahn`s General Competitive Analysis (1971). The monograph consists of several essays written over the last decade. It also contains an appendix by Charles Steinhorn on the elements of O-minimal structures.

Classical General Equilibrium Theory

Classical General Equilibrium Theory PDF
Author: Lionel W. McKenzie
Publisher: Mit Press
ISBN: 9780262633307
Size: 72.58 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 318
View: 2794

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A detailed overview of the classical model of general equilibrium theory.