Walras's Market Models
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Book Overview
Walras's Market Models describes and evaluates L on Walras' 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 that 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.
Format:Paperback
Language:English
ISBN:0521022959
ISBN13:9780521022958
Release Date:November 2005
Publisher:Cambridge University Press
Length:480 Pages
Weight:1.47 lbs.
Dimensions:1.0" x 6.1" x 9.2"
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