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Equilibrium models in economics purposes and critical limitations

Author: Lawrence A Boland
Publisher: New York, NY, United States of America Oxford University Press [2017]
Edition/Format:   Print book : EnglishView all editions and formats
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  Read more...

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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Lawrence A Boland
ISBN: 9780190274337 0190274336 9780190274320 0190274328
OCLC Number: 985576637
Description: xvii, 264 Seiten Illustrationen 24 cm
Contents: ContentsPrefacePart I: The purpose and problems for equilibrium modelsChapter 1. Equilibrium models and explanationChapter 2. Equilibrium attainment vs. equilibrium necessitiesChapter 3. Does general equilibrium attainment imply universal maximization? Chapter 4. Time and knowledge matters: General equilibrium attainment. Chapter 5. Equilibrium concepts and critiques: two cultures. Part II: The limits of equilibrium modelsChapter 6. Recognizing knowledge in equilibrium models. Chapter 7. Limits of equilibrium methodology: An educational dialogue. Chapter 8. Equilibrium models vs. realistic understanding. Chapter 9. Macroeconomic equilibrium model building and the stability problem Chapter 10. Equilibrium models intended to overcome limits. Chapter 11. Equilibrium models vs. evolutionary economic models Chapter 12. Equilibrium models vs. complexity economics Part III: Avenues for overcoming the limits equilibrium models:Chapter 13. Building models of price dynamicsChapter 14. Building models of non-clearing marketsChapter 15. Building models of learning and the equilibrium processEpilogue: Prospects for changing equilibrium model building practice in economicsBibliographyNames IndexSubject Index
Responsibility: Lawrence A. Boland (FRSC)


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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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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