Results 341 to 350 of about 3,149,567 (372)

Expectations, equilibrium and time in The General Theory

2018
A fundamental dimension in macroeconomics, time, is rarely portrayed as a prominent theme, because of the sharp contrasts that have historically divided economists using alternative conceptions of time, but also because of the conundrums brought about by incorporating time into economic models.
Carabelli, Anna Maria, Cedrini, Mario Aldo   +1 more
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Neoclassical General-Equilibrium Theory

1979
In this chapter we deal with the over-all structure of general-equilibrium theory. Little emphasis is placed on the distributional aspects of this theory; these are dealt with in the following chapter. The approach is intuitive rather than rigorous, as befits an introduction to the subject.
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General Equilibrium Trade Theory

2013
Since the inception of the study of international trade, the most common modeling framework has been that of perfect competition and of general equilibrium. While the recent development of what has been called the ‘new trade theory’ has led to the analysis of trade issues in models involving imperfect competition, including monopolistic competition and
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Developments in the theory of general equilibrium

De Economist, 1983
In this article the development of the theory of general equilibrium during the last twenty-five years or so is discussed. The Arrow-Debreu model with futures markets is considered and it is shown that careful analysis of this model gave rise to temporary equilibrium models.
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What are General Equilibrium Theories?

1990
A little philosophy of science can be a troubling thing. Simplified treatments of philosophy of science maintain that scientists formulate generalizations or theories, derive implications from them, and retain these generalizations or theories (albeit with some caution) as long as they pass the experimental tests.
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Consistency and incompleteness in general equilibrium theory

Journal of evolutionary economics, 2018
S. Landini, M. Gallegati, J. B. Barkley Rosser   +2 more
semanticscholar   +1 more source

Are General Equilibrium Theories Explanatory?

1981
The elegant theories of general equilibrium which have been developed during the past three decades leave many economists puzzled, since they appear to have so little to do with real economies.0 Gerard Debreu in his classic Theory of Value states that his theory is concerned with the explanation of prices.1 Yet others as distinguished as Kenneth Arrow ...
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The General Equilibrium Theory of Distribution

1988
There are various forms of general equilibrium theory. Marxian, neoclassical, modern forms of Keynesianism and Sraffian economics may all be so classified since each exhibits a concern with the equilibrium states of whole economies, represented in a disaggregated form, rather than that of some sector. They differ in the way economies are conceptualised
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Adjusting the model to adjust the world: constructive mechanisms in postwar general equilibrium theory

, 2016
Ivan Boldyrev, A. Ushakov
semanticscholar   +1 more source

General Equilibrium Theory: An Outline

1989
The theory of money is a special theory of exchange. Since as we confine ourselves in this book to the case of a general economic equilibrium, the necessary foundations are provided by general equilibrium theory. It is generally said that money cannot be found in it. That is not quite correct.
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