Equilibrium Models in Economics - Purposes and Critical Limitations

Zusatztext 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. Informationen zum Autor Lawrence A. Boland is Professor Emeritus at Simon Fraser University. Klappentext 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. Zusammenfassung 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.

Product details

• Authors: Lawrence A. Boland, Lawrence A. (Emeritus Professor of Economi Boland, Boland Lawrence A.
• Publisher: Oxford University Press
• Languages: English
• Product format: Hardback
• Released: 31.05.2017
• EAN: 9780190274320
• ISBN: 978-0-19-027432-0
• No. of pages: 288
• Subjects: Social sciences, law, business > Business > Economics; BUSINESS & ECONOMICS / Economic Conditions, BUSINESS & ECONOMICS / Economics / Theory, MATHEMATICS / Game Theory, Business / Economics / Finance, Economic theory & philosophy, Economic theory and philosophy