The Concept of Equilibrium in Different Economic Traditions : An Historical Investigation
Bert. Tieben
Bok Engelsk 2012 · Electronic books.
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| Utgitt | Cheltenham : : Edward Elgar Publishing, , 2012.
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| Omfang | 1 online resource (688 p.)
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| Opplysninger | Description based upon print version of record.. - Cover; Copyright; Contents; Figures; Tables; 1. Introduction; 2. What is Equilibrium?; 3. Methodological Assessment; 4. The Origins of Economic Equilibrium; 5. The Circular Flow of Goods and Money; 6. Adam Smith's Love of System; 7. Statics and Dynamics in Classical Economics; 8. Mathematical Revolution; 9. The Dreamland of Léon Walras; 10. The Subjectivist Challenge of the Austrian School; 11. Monetary Equilibrium; 12. Dynamic Analysis in Monetary Theory; 13. The Impact of Uncertainty; 14. Creative Entrepreneurship: Chaos or Coordination?; 15. Evolutionary Economics. - 16. Disequilibrium Foundations of Equilibrium Analysis17. Economics With or Without Equilibrium?; References; Index. - This book deals with one of the most puzzling concepts in economic science, that of economic equilibrium. In modern economics, equilibrium is considered a key assumption, but its role is contested by economists both from within the mainstream and from rival schools of thought. What explains the contradictory assessments of the equilibrium concept in economics? Do economists belonging to different traditions disagree about the definition of equilibrium or do they adopt different rules for assessing scientific status? In this unique and exhaustive study, Bert Tieben answers these questions by in
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| Dewey | |
| ISBN | 9781848449930
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