Articles liés à General Equilibrium: Theory and Evidence

General Equilibrium: Theory and Evidence - Couverture rigide

Bryant, William David Anthony

 
9789812818348: General Equilibrium: Theory and Evidence
Couverture rigide
ISBN 10 : 9812818340 ISBN 13 : 9789812818348
Editeur : World Scientific Publishing Co Pte Ltd, 2009

Synopsis

General Equilibrium Theory studies the properties and operation of free market economies. The field is a response to a series of questions originally outlined by Leon Walras about the operation of markets and posed by Frank Hahn in the following way: 'Does the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence -- and if so, how is that achieved?' This is always an apt question, but particularly so given the 'Global Financial Crisis' that emerged from the operation of market economies in the Americas and Europe in mid to late 2008.The answer that General Equilibrium Theory provides to the Walras-Hahn question is that, under certain conditions coherence is possible, while under certain other conditions chaos, in various forms, is likely to prevail. The conditionality of either outcome is not always well understood -- neither by proponents of, or antagonists to, the 'free market position'. Consequently, this book attempts to show something of what General Equilibrium Theory has to say about the wisdom or otherwise of always relying on 'market forces' to manage complex socio-economic systems.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Revue de presse

One of the great strengths of the book is the careful theoretical treatment that is motivated by and constantly connected to real-world problems... Overall, this is an excellent and valuable book. It is not only a comprehensive and careful statement of the assumptions and results obtainable from the core general equilibrium model, but much more than this. Tony Bryant's passionate concern to understand real-world economies, and the policy debates about them, drives the comprehensiveness and care. It is for this reason a superb book for students, drawing them into the world of economic theory, and inviting them to push on further with the many unresolved and important questions --The Economic Society of Australia

Overall, this is an excellent and valuable book. It is not only a comprehensive and careful statement of the assumptions and results obtainable from the core general equilibrium model, but much more than this. Tony Bryant's passionate concern to understand real-world economies, and the policy debates about them, drives the comprehensiveness and care. It is for this reason a superb book for students, drawing them into the world of economic theory, and inviting them to push on further with the many unsolved and important questions. And it is well worth having for a professional economist as a readable survey and reference on the model which has been at the core of twentieth-century economics. --The Economic Record

Overall, this is an excellent and valuable book. It is not only a comprehensive and careful statement of the assumptions and results obtainable from the core general equilibrium model, but much more than this. Tony Bryant's passionate concern to understand real-world economies, and the policy debates about them, drives the comprehensiveness and care. It is for this reason a superb book for students, drawing them into the world of economic theory, and inviting them to push on further with the many unsolved and important questions. And it is well worth having for a professional economist as a readable survey and reference on the model which has been at the core of twentieth-century economics. --The Economic Record

Présentation de l'éditeur

General Equilibrium Theory studies the properties and operation of free market economies. The field is a response to a series of questions originally outlined by Leon Walras about the operation of markets and posed by Frank Hahn in the following way: Does the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence and if so, how is that achieved? This is always an apt question, but particularly so given the Global Financial Crisis that emerged from the operation of market economies in the Americas and Europe in mid to late 2008. The answer that General Equilibrium Theory provides to the Walras-Hahn question is that, under certain conditions coherence is possible, while under certain other conditions chaos, in various forms, is likely to prevail. The conditionality of either outcome is not always well understood neither by proponents of, or antagonists to, the free market position. Consequently, this book attempts to show something of what General Equilibrium Theory has to say about the wisdom or otherwise of always relying on market forces to manage complex socio-economic systems.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
World Scientific Publishing Co Pte Ltd
Date d'édition
2009
Langue
anglais
ISBN 10 
9812818340
ISBN 13 
9789812818348
Reliure
Relié
Nombre de pages
492
Coordonnées du fabricant
non disponible
Personne responsable
gpsr@libri.de
gpsr@libri.de

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