The Conflict Between Equilibrium And Disequilibrium Theories


The Conflict Between Equilibrium And Disequilibrium Theories
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The Conflict Between Equilibrium And Disequilibrium Theories


The Conflict Between Equilibrium And Disequilibrium Theories
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Author : Richard E. Quandt
language : en
Publisher:
Release Date : 1988

The Conflict Between Equilibrium And Disequilibrium Theories written by Richard E. Quandt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.




Equilibrium And Disequilibrium In Economic Theory


Equilibrium And Disequilibrium In Economic Theory
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Author :
language : en
Publisher:
Release Date : 1977

Equilibrium And Disequilibrium In Economic Theory written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with categories.




Equilibrium And Disequilibrium In Economic Theory


Equilibrium And Disequilibrium In Economic Theory
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Author : G. Schwödiauer
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Equilibrium And Disequilibrium In Economic Theory written by G. Schwödiauer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Social Science categories.


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.



Static And Dynamic Aspects Of General Disequilibrium Theory


Static And Dynamic Aspects Of General Disequilibrium Theory
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Author : P. Jean-Jacques Herings
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Static And Dynamic Aspects Of General Disequilibrium Theory written by P. Jean-Jacques Herings and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.


Mathematical economics uses mathematical tools and reasoning to describe and explain economic reality. At the core of mathematical economics is general equilibrium theory. Static and Dynamic Aspects of General Disequilibrium Theory describes and analyses various general equilibrium models, treating theory from an axiomatic point of view, which may lead to a deeper understanding of problems, may help to avoid incorrect reasoning, and may improve communication within the economic science. This volume consists of four parts, each of which is self-contained. Part I deals with the mathematical and economic preliminaries. Part II considers the static aspects of disequilibrium theory. Part III determines price rigidities endogenously. Finally, Part IV deals with dynamic aspects of disequilibrium theory.



The Concept Of Equilibrium In Different Economic Traditions


The Concept Of Equilibrium In Different Economic Traditions
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Author : Bert Tieben
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-07-01

The Concept Of Equilibrium In Different Economic Traditions written by Bert Tieben and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-01 with Business & Economics categories.


'Bert Tieben is very well read in the history of economic thought and provides an overview of one of the basic concepts of economics that is unrivalled both in its scope and in its thoughtful and detailed discussion of the various currents and schools. It goes right to the heart of economic theory and asks some pertinent questions about the limits and the future of economic theorizing. That is, I think, what sets it apart from many other studies in the history of economic thought: it is history with an eye to the future, and it does all this without making any demands on the mathematical skills of the reader. This book should therefore appeal to everybody who is interested in the methodology of economics and in exploring the boundaries of economic analysis.' Hans Visser, VU University, Amsterdam, The Netherlands This book deals with one of the most puzzling concepts in economic science, that of economic equilibrium. In modern economics, equilibrium is considered a key assumption, but its role is contested by economists both from within the mainstream and from rival schools of thought. What explains the contradictory assessments of the equilibrium concept in economics? Do economists belonging to different traditions disagree about the definition of equilibrium or do they adopt different rules for assessing scientific status? In this unique and exhaustive study, Bert Tieben answers these questions by investigating the history of equilibrium economics from 1700 to the present day. He concludes that ideology strongly coloured the development of this branch of theory, helping to explain the vehemence of the debates surrounding the concept. He also argues that scientific progress in economics may indeed be fostered by such opposition and contention, and calls for cross fertilization and stronger cooperation between the different schools of thought. This resourceful book will appeal to post graduate students and scholars in the history of economic thought and economic methodology. Both neoclassical and heterodox economists, most notably Austrian, post Keynesian and institutional economists, will also find much to interest them.



Disequilibrium Polarization And Crisis Model


Disequilibrium Polarization And Crisis Model
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Author : Isabelle Dierauer
language : en
Publisher: University Press of America
Release Date : 2013-05-16

Disequilibrium Polarization And Crisis Model written by Isabelle Dierauer and has been published by University Press of America this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-16 with Political Science categories.


Different international relations theorists have studied political change, but all fall short of sufficiently integrating human reactions, feelings, and responses to change in their theories. This book adds a social psychological component to the analysis of why nations, politically organized groups, or states enter into armed conflict. The Disequilibrium, Polarization, and Crisis Model is introduced, which draws from prospect theory, realism, liberalism, and constructivism. The theory considers how humans react and respond to change in their social, political, and economic environment. Three case studies, the U.S. Civil War, the Yugoslav Wars (1991-1995), and the First World War are applied to illustrate the model’s six process stages: status quo, change creating shifts that lead to disequilibrium, realization of loss, hanging on to the old status quo, emergence of a rigid system, and risky decisions leading to violence and war.



Political Equilibrium A Delicate Balance


Political Equilibrium A Delicate Balance
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Author : Peter C. Ordeshook
language : en
Publisher: Springer Science & Business Media
Release Date : 1982

Political Equilibrium A Delicate Balance written by Peter C. Ordeshook and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Philosophy categories.


Peter C. Ordeshook and Kenneth A. Shepsle If the inaugural date of modern economics is set at 1776 with the publication of Adam Smith's The Wealth of Nations, then the analytical tradition in the study of politics is not even a decade younger, commencing nine years later with the publication of the Marquis de Condorcet's Essai sur l'application de l'analyse iz la probabilite des decisions rendues iz la pluralite des voix. The parallel, however, stops there for, unlike Smith and other classical economists who laid an intel­ lectual foundation upon which a century of cumulative scientific research pro­ ceeded, analytical political science suffered fits and starts. Condorcet, himself, acknowledges the earlier work (predating the Essai by some fourteen years) of Borda and, from time to time during the nineteenth century, their contributions were rediscovered by Dodgson, Nanson, and other political philosophers and arithmeticians. But, by century's end, there was nothing in political science to compare to the grand edifice of general equilibrium theory in neoclassical eco­ nomics. Despite roots traversing two centuries, then, the analytical study of poli­ tics is a twentieth-century affair. The initial inspiration and insight of Condorcet was seized upon just after World War II by Duncan Black, who wrote several papers on the equilibrium properties of majority rule in specific contexts (Black, 1948a,b). He expanded upon these themes in his now deservedly famous monograph, The Theory of xi PREFACE xii Committees and Elections, and the lesser-known essay with R. A.



Equilibrium And Disequilibrium In Economic Theory


Equilibrium And Disequilibrium In Economic Theory
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Author :
language : en
Publisher:
Release Date : 1978

Equilibrium And Disequilibrium In Economic Theory written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with categories.




The Flawed Foundations Of General Equilibrium Theory


The Flawed Foundations Of General Equilibrium Theory
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Author : Frank Ackerman
language : en
Publisher: Routledge
Release Date : 2004-06-24

The Flawed Foundations Of General Equilibrium Theory written by Frank Ackerman and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-06-24 with Business & Economics categories.


This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels. Under the impressive editorship of Ackerman and Nadal, this book will appeal to students and researchers in economics and related social science disciplines.



Transforming Modern Macroeconomics


Transforming Modern Macroeconomics
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Author : Roger E. Backhouse
language : en
Publisher: Cambridge University Press
Release Date : 2012-11-12

Transforming Modern Macroeconomics written by Roger E. Backhouse and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-12 with Business & Economics categories.


This book tells the story of the search for disequilibrium micro-foundations for macroeconomic theory, from the disequilibrium theories of Patinkin, Clower and Leijonhufvud to recent dynamic stochastic general equilibrium models with imperfect competition. Placing this search against the background of wider developments in macroeconomics, the authors contend that this was never a single research program, but involved economists with very different aims who developed the basic ideas about quantity constraints, spillover effects and coordination failures in different ways. The authors contrast this with the equilibrium, market-clearing approach of Phelps and Lucas, arguing that equilibrium theories simply assumed away the problems that had motivated the disequilibrium literature. Although market-clearing models came to dominate macroeconomics, disequilibrium theories never went away and continue to exert an important influence on the subject. Although this book focuses on one strand in modern macroeconomics, it is crucial to understanding the origins of modern macroeconomic theory.