Dynamic Economic Theory

By:

Michio Morishima

Format:

Hardback

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Description

This book brings together in a single coherent framework a research programme begun by the author over 40 years ago. The main model around which the analysis is built is Hicksian in character, having been drawn in large part from John Hicks' Value and Capital. The model is extended so as to include money and securities. In respect of the theory of the firm the model focuses on demand and supply plans, on inputs and outputs, on inventories, and on dependencies between them. The stability of temporary equilibrium is discussed for linear and non-linear cases. Because the concept of structural stability is important for understanding non-linear cases, it is defined and applied to the case of economic motion generated from the temporary equilibrium analysis. The addenda focus on developments in economic theory following the publication of the main model.

Release date NZ

October 17th, 1996

Author

Michio Morishima

Audiences

Professional & Vocational
Tertiary Education (US: College)

Pages

334

Dimensions

152x229x22

ISBN-13

9780521563246

Product ID

2160312

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