General Equilibrium (Volume 2) (Collected Papers of Kenneth J. Arrow) - Tapa dura

Arrow, Kenneth J.

 
9780674137615: General Equilibrium (Volume 2) (Collected Papers of Kenneth J. Arrow)
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ISBN 10: 0674137612 ISBN 13: 9780674137615
Editorial: The Belknap Press, 1984

Sinopsis

Unlike the papers of some other great economists, those of Kenneth Arrow are being read and studied today with even greater care and attention than when they first appeared in journals. This publication of his collected papers, to be completed in seven topical volumes, will be welcomed by economists and other social scientists and in particular by graduate students, who can draw from them the deep knowledge and taste in the selection of scientific problems that only a master can offer.

This volume is concerned with the foundations of neo-classical economic analysis. General equilibrium is a theory of prices in which all of the actions of the economic agents in an economy are determined simultaneously and in a decentralized fashion. The price system, determined in competitive markets, guides actions for both firms and individual consumers. All of the complex interrelations of the economy are distilled into the determination of this price system.

In these papers, Arrow examines the conditions under which such a price system would exist. He also clarifies the conditions under which the system can or cannot achieve an optimum. In the latter case, when “market failures” are present, he shows the role of a benevolent government in helping to overcome the induced inefficiencies.

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Acerca del autor

A past president of the American Economic Association, Kenneth J. Arrow was awarded the Nobel Memorial Prize in Economic Science in 1972.

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Editorial
The Belknap Press
Año de publicación
1984
Idioma
Inglés
ISBN 10 
0674137612
ISBN 13 
9780674137615
Encuadernación
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Número de páginas
320
Contacto del fabricante
no disponible
Persona responsable
no disponible

Otras ediciones populares con el mismo título

9780631134343: General Equilibrium

Edición Destacada

ISBN 10:  0631134344 ISBN 13:  9780631134343
Editorial: Blackwell Publishers, 1984
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