Classical General Equilibrium Theory (MIT Press)

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9780262633307: Classical General Equilibrium Theory (MIT Press)

Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began only in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the twentieth century, referred to by Lionel McKenzie as the classical general equilibrium theory. McKenzie offers detailed and rigorous treatment of the classical model, giving step-by-step proofs of the basic theorems. In many cases he elaborates on the individual steps to give a fuller understanding of the underlying principles. His goal is to provide readers with a true mastery of the methodology so that they can derive new results that will further enrich their thinking about general equilibrium theory. Special attention is given to the McKenzie model, in which it is not assumed that the number of firms is given but rather that technologies or activities are available to any agents who can supply the resources they require. The McKenzie model is used to establish the turnpike theorems of optimal and competitive capital accumulation.

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About the Author:

The late Lionel W. McKenzie was Wilson Professor Emeritus of Economics at the University of Rochester.

Review:

A beautifully written, integrated treatment of the main topics in microeconomics, this book takes the reader from first principles to the cutting edge of theory today. It is, and will remain, a classic work.

(Jerry Green, John Leverett Professor in the University and David A. Wells Professor of Political Economy, Harvard University)

McKenzie is one of the great innovators in the field of general equilibrium theory; his was the first paper published establishing the existence of general equilibrium. His new book is a tour de force of synthesis, presenting with admirable clarity and rigor the important results in the field. Indeed, he goes beyond the field to discuss such issues as turnpike theorems and optimal capital accumulation, to whose development he has contributed so much.

(Kenneth J. Arrow, Professor of Economics Emeritus, Stanford University)

This book is a masterwork by one of the three founders of the modern field of general equilibrium theory. All economists will want to own this volume. It covers not only classical theory but also the research frontier. It is written with the beauty and clarity that one would expect of a founding father.

(William A. Brock, Vilas Research Professor of Economics, The University of Wisconsin, Madison)

Lionel McKenzie's new monograph is a pleasure to read. Only a major contributor to economic theory could teach general equilibrium theory with such clarity and authority. The book is gracefully written and rigorous, and does an elegant job of situating competitive equilibrium theory in the economic and mathematical traditions from which it evolved.

(Robert E. Lucas, Jr., John Dewey Distinguished Service Professor, University of Chicago)

This book is itself a modern classic. It summarizes deftly, succinctly, and elegantly four decades of vintage frontier findings by two top score academics. McKenzie himself is first among equals in this stellar group.

(Paul A. Samuelson, Institute Professor Emeritus, MIT, and Nobel Laureate in Economics (1970))

Over a period of fifty years McKenzie has pioneered, organized, and taught general equilibrium. This volume, by a master of the subject, serves as an indispensable guide to rigorous general equilibrium. The serious reader will be amply rewarded.

(Hugo Sonnenschein, Charles L. Hutchinson Distinguished Service Professor and President Emeritus, University of Chicago)

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Lionel W. McKenzie
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ISBN 10: 0262633302 ISBN 13: 9780262633307
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Descrizione libro MIT Press. Condizione libro: New. Brand New. Codice libro della libreria 0262633302

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Descrizione libro 2005. PAP. Condizione libro: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Codice libro della libreria TM-9780262633307

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Descrizione libro MIT Press Ltd, United States, 2005. Paperback. Condizione libro: New. Revised ed.. Language: English . Brand New Book. Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began only in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the twentieth century, referred to by Lionel McKenzie as the classical general equilibrium theory. McKenzie offers detailed and rigorous treatment of the classical model, giving step-by-step proofs of the basic theorems. In many cases he elaborates on the individual steps to give a fuller understanding of the underlying principles. His goal is to provide readers with a true mastery of the methodology so that they can derive new results that will further enrich their thinking about general equilibrium theory. Special attention is given to the McKenzie model, in which it is not assumed that the number of firms is given but rather that technologies or activities are available to any agents who can supply the resources they require. The McKenzie model is used to establish the turnpike theorems of optimal and competitive capital accumulation. Codice libro della libreria AAH9780262633307

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Lionel W. McKenzie
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Descrizione libro MIT Press Ltd, United States, 2005. Paperback. Condizione libro: New. Revised ed.. Language: English . Brand New Book. Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began only in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the twentieth century, referred to by Lionel McKenzie as the classical general equilibrium theory. McKenzie offers detailed and rigorous treatment of the classical model, giving step-by-step proofs of the basic theorems. In many cases he elaborates on the individual steps to give a fuller understanding of the underlying principles. His goal is to provide readers with a true mastery of the methodology so that they can derive new results that will further enrich their thinking about general equilibrium theory. Special attention is given to the McKenzie model, in which it is not assumed that the number of firms is given but rather that technologies or activities are available to any agents who can supply the resources they require. The McKenzie model is used to establish the turnpike theorems of optimal and competitive capital accumulation. Codice libro della libreria AAH9780262633307

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Descrizione libro MIT Press Ltd, United States, 2005. Paperback. Condizione libro: New. Revised ed.. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began only in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the twentieth century, referred to by Lionel McKenzie as the classical general equilibrium theory. McKenzie offers detailed and rigorous treatment of the classical model, giving step-by-step proofs of the basic theorems. In many cases he elaborates on the individual steps to give a fuller understanding of the underlying principles. His goal is to provide readers with a true mastery of the methodology so that they can derive new results that will further enrich their thinking about general equilibrium theory. Special attention is given to the McKenzie model, in which it is not assumed that the number of firms is given but rather that technologies or activities are available to any agents who can supply the resources they require. The McKenzie model is used to establish the turnpike theorems of optimal and competitive capital accumulation. Codice libro della libreria BTE9780262633307

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Descrizione libro MIT Press, 2005. PAP. Condizione libro: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Codice libro della libreria WM-9780262633307

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Descrizione libro MIT Press Ltd. Paperback. Condizione libro: new. BRAND NEW, Classical General Equilibrium Theory, Lionel W. McKenzie, Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began only in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the twentieth century, referred to by Lionel McKenzie as the classical general equilibrium theory. McKenzie offers detailed and rigorous treatment of the classical model, giving step-by-step proofs of the basic theorems. In many cases he elaborates on the individual steps to give a fuller understanding of the underlying principles. His goal is to provide readers with a true mastery of the methodology so that they can derive new results that will further enrich their thinking about general equilibrium theory. Special attention is given to the McKenzie model, in which it is not assumed that the number of firms is given but rather that technologies or activities are available to any agents who can supply the resources they require. The McKenzie model is used to establish the turnpike theorems of optimal and competitive capital accumulation. Codice libro della libreria B9780262633307

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Descrizione libro 2005. Paperback. Condizione libro: NEW. 9780262633307 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. Codice libro della libreria HTANDREE01141713

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Descrizione libro The MIT Press, 2002. Paperback. Condizione libro: New. Codice libro della libreria DADAX0262633302

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Descrizione libro The MIT Press, 2002. Paperback. Condizione libro: New. book. Codice libro della libreria 0262633302

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