Business & Economics Books:

Walras's Market Models

Format

Paperback / softback

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Walras's Market Models by Donald A. Walker
$113.00
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Description

Walras's Market Models describes and evaluates Leon Walras's models of competitive markets. Through identification of his career phases and the associated general equilibrium models, which are shown to be very different in character, this book differs from previous examinations of his work. During his mature phase of theoretical activity, Walras was concerned with a competitive economy which passes through a phase of disequilibrium in the production and sales of commodities. While in his last phase of theoretical activity, he developed a model in which there is no production, sales, hiring, consuming or saving until an assumed set of equilibrium prices obtains of the model. The two phases of Walras's theoretical work have not previously been identified, and the models have not been subjected to an accurate analysis and evaluation.
Release date NZ
November 17th, 2005
Country of Publication
United Kingdom
Illustrations
5 Line drawings, unspecified
Imprint
Cambridge University Press
Pages
480
Dimensions
156x234x25
ISBN-13
9780521022958
Product ID
2058218

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