Disequilibrium Foundations Of Equilibrium Economics
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Originally published | November 25, 1983 |
Authors | Franklin M. Fisher |
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ID | 2385009 |
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. . . .