Theory of General Economic Equilibrium

Description

Theory of General Economic Equilibrium provides information pertinent to the
general economic equilibrium theory. This book covers a variety of topics,
including efficiency, economic systems analysis, welfare economics, and
international trade. Organized into three parts encompassing eight chapters,
this book begins with an overview of the theory of efficient production and
growth where consumer preferences play a subordinate role. This text then
examines that for the case where preferences satisfy appropriate conditions,
efficiency theory is superseded as normative analysis by optimality theory.
Other chapters consider the optimization of consumer preferences that leads to
the decline of many families. This book discusses as well the existence of
equilibrium, which is of importance to both normative and positive economics.
The final chapter deals with the question of the speed with which the economic
system attains its equilibrium state, which is assumed to be stationary. This
book is a valuable resource for professional economists and advanced graduate
students in economics. Read more

Features:

Product Details:

• Publisher ‏ : ‎ Academic Press (September 24, 2014)
• Language ‏ : ‎ English
• Paperback ‏ : ‎ 382 pages
• ISBN-10 ‏ : ‎ 1483245101
• ISBN-13 ‏ : ‎ 02
• Item Weight ‏ : ‎ 1.52 pounds
• Dimensions ‏ : ‎ 6.25 x 0.87 x 9.25 inches