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Equilibrium and Disequilibrium in Economic Theory

Equilibrium and Disequilibrium in Economic Theory
Author: G. Schwödiauer
Publisher: Springer Science & Business Media
Total Pages: 768
Release: 2012-12-06
Genre: Social Science
ISBN: 9401011559

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This volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the meeting and editor of its proceedings I want to thank the Institute for Advanced Studies for providing facilities and funds. I am also sincerely grateful to all my colleagues from the Institute for their generous help, in particular to Mrs Monika Herkner without whose assistance and organizational talent the conference would certainly not have been the success it in fact - in the opinion of all participants - turned out to have been. Furthermore, I wish to express my gratitude towards all participants in the meeting and contributors to the volume whose patient support of the whole enterprise proved indispensable. To Mrs Elfriede Auracher I am deeply indebted for her skillful and effective general management of the editorial work and her invaluable assistance in compiling the indexes.


The Economics of Market Disequilibrium

The Economics of Market Disequilibrium
Author: Jean-Pascal Bénassy
Publisher:
Total Pages: 272
Release: 1982
Genre: Business & Economics
ISBN:

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Microeconomics; Market equilibrium and disequilib rium; Disequilibrium trading and quantity signals; Effective demand: A first approach; Effective demand and spillover effects; Price making; Non-Walrasian equilibrium concepts; The general framework; Fixprice equilibria; Expectations and temporary fixprice equilibria; Temporary equilibria with price makers; Efficiency; Macroeconomics; A model of unemployment; Unemployment and expectations; A model of unemployment with flexible price; A model of inflation.


Equilibrium and Disequilibrium in Economic Theory

Equilibrium and Disequilibrium in Economic Theory
Author: G. Schwödiauer
Publisher: Springer
Total Pages: 792
Release: 1977-12-31
Genre: Social Science
ISBN: 9789027707383

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This volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the meeting and editor of its proceedings I want to thank the Institute for Advanced Studies for providing facilities and funds. I am also sincerely grateful to all my colleagues from the Institute for their generous help, in particular to Mrs Monika Herkner without whose assistance and organizational talent the conference would certainly not have been the success it in fact - in the opinion of all participants - turned out to have been. Furthermore, I wish to express my gratitude towards all participants in the meeting and contributors to the volume whose patient support of the whole enterprise proved indispensable. To Mrs Elfriede Auracher I am deeply indebted for her skillful and effective general management of the editorial work and her invaluable assistance in compiling the indexes.


Disequilibrium Foundations of Equilibrium Economics

Disequilibrium Foundations of Equilibrium Economics
Author: Franklin M. Fisher
Publisher:
Total Pages: 236
Release: 1983
Genre: Business & Economics
ISBN: 9780521242646

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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 necessary step in proposing a foundation is the formulation of a theory of stability, and in this 1984 book, Professor Fisher is primarily concerned with this subject, although disequilibrium behavior itself is analyzed. The author first undertakes a review of the existing literature on the stability of general equilibrium. He then proposes a more satisfactory general model in which agents realize their state of disequilibrium and act on arbitrage opportunities. The interrelated topics of the role of money, the nature of quantity constraints, and the optimal behaviour of arbitraging agents are extensively treated.


Disequilibrium Economics

Disequilibrium Economics
Author: Joost Van Doorn
Publisher: London : Macmillan Press
Total Pages: 108
Release: 1975
Genre: Business & Economics
ISBN:

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Textbook on disequilibrium economics - covers macroeconomics and microeconomics, neo-classical economic theory, stabilization policy, etc. Bibliography pp. 91 to 96, graphs and references.


Equilibrium and Economic Theory

Equilibrium and Economic Theory
Author: Giovanni Alfredo Caravale
Publisher: Routledge
Total Pages: 217
Release: 2002-09-11
Genre: Business & Economics
ISBN: 1134764375

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This book considers the treatment of equilibrium by several of the most important schools of thought in economics, including: * neoclassical economics, * the neo-Ricardian economics, * Post-Keynesian economics - both those who follow Joan Robinson in denying any interpretative role to equilibrium in economic theorizing and those who use the notion of equilibrium, but re-defined from a Classical or Keynesian perspective.