Disequilibrium Foundations of Equilibrium Economics photograph

Disequilibrium Foundations Of Equilibrium Economics

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Originally published November 25, 1983
Authors Franklin M. Fisher
Date of Reg.
Date of Upd.
ID2385009
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About Disequilibrium Foundations Of Equilibrium Economics


The most common mode of analysis in economic theory is to assume equilibrium. Yet, without a proper theory of how economies behave in disequilibrium, there is no foundation for such a practice. The first step in such a foundation is a theory of stability, and this book is primarily concerned with that subject. . . .

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