OXFORD UNIVERSITY PRESS

Equilibrium Models in Economics: Purposes and Critical Limitations

ISBN : 9780190274320

参考価格(税込): 
¥15,246
著者: 
Lawrence A. Boland
関連カテゴリー
ページ
288 ページ
フォーマット
Hardcover
サイズ
156 x 235 mm
刊行日
2017年04月
メール送信
印刷

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 problematic assumptions employed to build equilibrium models. It gives particular attention to the assumptions used to characterize learning, knowledge and expectations. Lawrence Boland here explores whether equilibrium models can provide a realistic explanation of economic events and objects such as prices, market demands and market supplies. He traces how the different perspectives on equilibrium models represented by such creators as Kenneth Arrow, Robert Clower, and George Richardson influenced subsequent developments in economics. A key debate is about the comparative importance of whether equilibrium refers to a state of an actual economy or a property of a formal mathematical model. Another is the extent that the distinction between a model's exogenous vs. endogenous variables involves causality. Also explored are more recent efforts provided by behavioral, evolutionary, and complexity economics-whether they might change how economics is practiced in the future and how they could. 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 participating in the economy influence outcomes and behavior. It presents a realistic, workable theory of knowledge and learning, simulating how decision makers and other actors operate in fast-changing equilibrium conditions.

目次: 

Acknowledgments
Introduction

The Road to Glory
Banjo on My Knee
The Last Slaver
Splinter Fleet
Drums Along the Mohawk
The Left Hand of God

Works Cited
Index

著者について: 

Lawrence A. Boland is Professor Emeritus at Simon Fraser University.

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