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Dynamic Economic Theory

Name: Dynamic Economic Theory
Brand: Cambridge University Press
SKU: 02035342
Price: 33005 HUF
Availability: InStock
Author: Michio Morishima
ISBN: 9780521563246

Michio Morishima

Language

English

Book Hardback

Libristo code: 02035342

Publishers Cambridge University Press, October 1996

This book brings together in a single coherent framework a research programme begun by the author in... Full description

Libristo code: 02035342

225 b

33 005 Ft

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This book brings together in a single coherent framework a research programme begun by the author in the forties. The main model around which the analysis is built is Hicksian in character, having been drawn in large part from John Hicks's Value and Capital. The model is extended so as to include money and securities. In respect of the theory of the firm the model focuses on demand and supply plans, on inputs and outputs, on inventories, and on dependencies between them. The stability of temporary equilibrium is discussed for linear and non-linear cases. Because the concept of structural stability is important for understanding non-linear cases, it is defined and applied to the case of economic motion generated from the temporary equilibrium analysis. The addenda focus on developments in economic theory following the publication of the main model.