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Equilibrium models in economics : purposes and critical limitations

Author: Lawrence A Boland
Publisher: New York, NY : Oxford University Press, cop. 2017.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:

The concept of equilibrium is fundamental to economic theory, according to which, it exists when supply and demand are balanced. Equilibrium Models in Economics critically examines the major  Read more...

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Document Type: Book
All Authors / Contributors: Lawrence A Boland
ISBN: 9780190274320 0190274328
OCLC Number: 1015992777
Description: xvii, 264 p. : ill. ; 24 cm.
Contents: The purpose and problems for equilibrium models --
Equilibrium models and explanation --
Equilibrium attainment vs. equilibrium necessities --
Does general equilibrium attainment imply universal maximization? --
Time and knowledge matters : general equilibrium attainment --
Equilibrium concepts and critiques : two cultures --
The limits of equilibrium models --
Recognizing knowledge in equilibrium models --
Limits of equilibrium methodology an educational dialogue --
Equilibrium models vs. realistic understanding --
Macroeconomic equilibrium model building and the stability problem --
Equilibrium models intended to overcome limits --
Equilibrium models vs. evolutionary economic models --
Equilibrium models vs. complexity economics --
Building models of price dynamics --
Building models of non-clearing markets --
Building models of learning and the equilibrium process --
Bibliography --
Names index --
Subject index.
Responsibility: Lawrence A. Boland.

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Equilibrium Models in Economics is a trenchant exploration of how the discipline has grappled with attempts to understand and explain the way information, knowledge, and the expectations of actors Read more...

 
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