| Walras's Market Models Contributor(s): Walker, Donald A. (Author) |
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ISBN: 0521562686 ISBN-13: 9780521562683 Publisher: Cambridge University Press OUR PRICE: $104.50 Product Type: Hardcover - Other Formats Published: October 1996 |
| Additional Information |
| BISAC Categories: - Business & Economics | Investments & Securities - Commodities - General - Business & Economics | Economics - Theory - Business & Economics | Economic History |
| Dewey: 332.632 |
| LCCN: 96012024 |
| Physical Information: 1.16" H x 6.28" W x 9.23" (1.69 lbs) 478 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Walras's Market Models describes and evaluates L on Walras' models of competitive markets. Through identification of his career phases and the associated general equilibrium models, which are shown to be very different in character, this book differs from previous examinations of his work. During his mature phase of theoretical activity, Walras was concerned with a competitive economy that passes through a phase of disequilibrium in the production and sales of commodities. While in his last phase of theoretical activity, he developed a model in which there is no production, sales, hiring, consuming or saving until an assumed set of equilibrium prices obtains of the model. |