Classical General Equilibrium Theory - Brossura

McKenzie, Lionel W.

Brossura

ISBN 10: 0262633302 ISBN 13: 9780262633307

Casa editrice: The MIT Press, 2005

Riassunto

Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began only in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the twentieth century, referred to by Lionel McKenzie as the classical general equilibrium theory. McKenzie offers detailed and rigorous treatment of the classical model, giving step-by-step proofs of the basic theorems. In many cases he elaborates on the individual steps to give a fuller understanding of the underlying principles. His goal is to provide readers with a true mastery of the methodology so that they can derive new results that will further enrich their thinking about general equilibrium theory. Special attention is given to the McKenzie model, in which it is not assumed that the number of firms is given but rather that technologies or activities are available to any agents who can supply the resources they require. The McKenzie model is used to establish the turnpike theorems of optimal and competitive capital accumulation.

Su questo libro

L'autore

Lionel W. McKenzie is Wilson Professor Emeritus of Economics at the University of Rochester.

Product Description

Book by McKenzie Lionel W

Dettagli dell?edizione

• Editore: The MIT Press
• Data di pubblicazione: 2005
• ISBN 10: 0262633302
• ISBN 13: 9780262633307
• Rilegatura: Copertina flessibile
• Lingua: Inglese
• Numero di pagine: 332