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Dynamic Economic Theory
     

Dynamic Economic Theory

by Michio Morishima
 

ISBN-10: 0521563240

ISBN-13: 9780521563246

Pub. Date: 02/28/2015

Publisher: Cambridge University Press

This book brings together in a single coherent framework a research program begun by the author over forty years ago. It aims to develop multisector general equilibrium theory in the tradition of Hicks's Value and Capital, and extends the prototype model to accommodate the analysis of the monetary sector as well as production and consumption. The stability of

Overview

This book brings together in a single coherent framework a research program begun by the author over forty years ago. It aims to develop multisector general equilibrium theory in the tradition of Hicks's Value and Capital, and extends the prototype model to accommodate the analysis of the monetary sector as well as production and consumption. The stability of temporary equilibrium is examined for both linear and nonlinear cases along with the economic path that the theory generates.

Product Details

ISBN-13:
9780521563246
Publisher:
Cambridge University Press
Publication date:
02/28/2015
Pages:
333
Product dimensions:
5.98(w) x 8.98(h) x 0.94(d)

Table of Contents

1. The method of economic analysis; 2. Households' and firms' economic behaviour; 3. Stability conditions for temporary equilibrium: the linear case; 4. Stability conditions for temporary equilibrium: the non-linear case; 5. Comparative dynamics; Appendices; Mathematical notes.

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