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General Equilibrium Analysis and the Theory of Markets (Hardcover)

Manuel Luis Costa

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ISBN 10: 1858989582 / ISBN 13: 9781858989587
Nuevos Condición: New Encuadernación de tapa dura
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Hardcover. This work on microeconomics offers interpretations of both its strengths and its weaknesses. It shows how the general equilibrium ideas of Walras and Marshall were gradually .Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. 232 pages. 0.490. N° de ref. de la librería 9781858989587

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Título: General Equilibrium Analysis and the Theory ...

Año de publicación: 1998

Encuadernación: Hardcover

Condición del libro:New

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Arguing that the Walrasian general equilibrium approach cannot account for the behavior of the economy at a microeconomic level, Costa (economics, U. of Porto, Portugal) provides a detailed historical examination of general equilibrium analysis and its theoretical and empirical limitations. In response to his question of how elusive is a general model of decentralized exchange, the author responds that while thinking in economics remains clouded by the "confusion produced by the neowalrasian diversion," Walker, Clower and Friedman, et al. offer glimmers of hope. Includes extensive references and notes on the literature. Originated from a dissertation (institution, date unspecified). Annotation c. Book News, Inc., Portland, OR (

About the Author:

Manuel Luis Costa, Professor of Economics, University of Porto, Portugal

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