Disequilibrium Foundations of Equilibrium Economics

by Franklin M. Fisher

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 0521378567
• ISBN13: 9780521378567
• Release Date: March 1989
• Publisher: Cambridge University Press
• Length: 252 Pages
• Weight: 0.83 lbs.
• Dimensions: 0.6" x 6.0" x 9.0"