Disequilibrium Foundations of Equilibrium Economics

by Franklin M. Fisher

Book Details

Format Paperback / Softback

Book Series Econometric Society Monographs

ISBN-10 0521378567

ISBN-13 9780521378567

Publisher Cambridge University Press

Imprint Cambridge University Press

Country of Manufacture GB

Country of Publication GB

Publication Date Mar 31st, 1989

Print length 252 Pages

Weight 38 grams

Dimensions 22.90 x 15.20 x 1.50 cms

Product Classification: Macroeconomics Econometrics

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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. In this 1984 book, a review of the existing literature on the stability of general equilibrium is followed by the proposal of a more satisfactory general model for analysis.

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