The Cobweb Theorem (1938)

by Mordecai Ezekiel

Book Overview

The Cobweb Theorem is a book written by Mordecai Ezekiel and published in 1938. The book is a treatise on economics and mathematics, and it presents a theory that explains the cyclical nature of certain economic phenomena. The theory is based on the idea that producers and consumers respond to changes in supply and demand with a time lag, which creates a feedback loop that results in oscillations in prices and quantities. The book provides a mathematical...

• Format: Paperback
• Language: English
• ISBN: 1162557850
• ISBN13: 9781162557854
• Release Date: August 2010
• Publisher: Kessinger Publishing
• Length: 24 Pages
• Weight: 0.23 lbs.
• Dimensions: 0.1" x 8.5" x 11.0"