Paperback. This book brings together in a single coherent framework a research programme begun by the author in the forties. The main model around which the analysis is built is Hicksian in character, having been drawn in large part from John Hicks's 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. This book brings together in a single coherent framework a research programme begun by the author in the forties. It develops multi-sector general equilibrium theory in the tradition of Hicks's Value and Capital, and extends the prototype model so as to accommodate the monetary sector as well as production and consumption. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

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Dati bibliografici

Titolo: Dynamic Economic Theory (Paperback)
Editore: Cambridge University Press, Cambridge
Data di pubblicazione: 2009
Lingua: Inglese
ISBN 10: 0521118883
ISBN 13: 9780521118880
Rilegatura: Paperback
Condizione: new

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Riassunto

This book devolops multi-sector general equilibrium theory in the tradition of Hicks's Value and Capital.

Recensione

'Dynamic Economic Theory is largely a retrospective commentary on the development of this strand of economics over the last half-century. It can be read in isolation from the author's other books, though its significance becomes more transparent when these are taken into account. In this context, Morishima has added another important element to the corpus of his many contributions to economic analysis.' R. E. Bailey, The Economic Journal

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