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Sinopsis
Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began only in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the twentieth century, referred to by Lionel McKenzie as the classical general equilibrium theory. McKenzie offers detailed and rigorous treatment of the classical model, giving step-by-step proofs of the basic theorems. In many cases he elaborates on the individual steps to give a fuller understanding of the underlying principles. His goal is to provide readers with a true mastery of the methodology so that they can derive new results that will further enrich their thinking about general equilibrium theory. Special attention is given to the McKenzie model, in which it is not assumed that the number of firms is given but rather that technologies or activities are available to any agents who can supply the resources they require. The McKenzie model is used to establish the turnpike theorems of optimal and competitive capital accumulation.
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Críticas
"This book is a masterwork by one of the three founders of the modern field of general equilibrium theory. All economists will want to own this volume. It covers not only classical theory but also the research frontier. It is written with the beauty and clarity that one would expect of a founding father."--William A. Brock, Vilas Research Professor of Economics, The University of Wisconsin, Madison
Reseña del editor
Although general equilibrium theory originated in the late 19th century, modern elaboration and development of the theory began in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the 20th century, referrred to by Lionel McKenzie as the classical general equilibrium theory. McKenzie offers detailed and rigorous treatment of the classical model, giving step-by-step proofs of the basic theorems. In many cases he elaborates on the individual steps to give a fuller understanding of the underlying principles. His goal is to provide readers with a true mastery of the methodology so that they can derive new results that will further enrich their thinking about general equilibrium theory. Special attention is given to the McKenzie model, in which it is not assumed that the number of firms is given but rather that technologies or activities are available to any agents who can supply the resources they require. The McKenzie model is used to establish the turnpike theorems of optimal and competitive capital accumulation.
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- EditorialMIT Press
- Año de publicación2002
- ISBN 10 0262134136
- ISBN 13 9780262134132
- EncuadernaciónTapa dura
- IdiomaInglés
- Número de páginas332
- Contacto del fabricanteno disponible
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Classical General Equilibrium Theory
Publicado por
The MIT Press, 2002
ISBN 10: 0262134136
ISBN 13: 9780262134132
Antiguo o usado
Tapa dura
Librería: Anybook.com, Lincoln, Reino Unido
Calificación del vendedor: 5 de 5 estrellas
Condición: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. Clean from markings. In good all round condition. Dust jacket in good condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,650grams, ISBN:9780262134132. Nº de ref. del artículo: 8968040
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