Dynamic Economic Theory

Dynamic Economic Theory

by Michio Morishima
Dynamic Economic Theory

Dynamic Economic Theory

by Michio Morishima

Paperback

$47.99 
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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: 9780521118880
Publisher: Cambridge University Press
Publication date: 09/03/2009
Pages: 336
Product dimensions: 6.00(w) x 9.00(h) x 0.90(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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