Walras's Market Models (Paperback) (ISBN-13: 9780521022958)

Walras's Market Models describes and evaluates Léon Walras' models of competitive markets. Through identification of his career phases and the associated general equilibrium models, which are shown to be very different in character, this book differs from previous examinations of his work. During his mature phase of theoretical activity, Walras was concerned with a competitive economy that passes through a phase of disequilibrium in the production and sales of commodities. While in his last phase of theoretical activity, he developed a model in which there is no production, sales, hiring, consuming or saving until an assumed set of equilibrium prices obtains of the model.

Author: Donald A. Walker
ISBN-10: 0521022959
ISBN-13: 9780521022958
Publisher: Cambridge University Press
Language: English
Published: 11/17/2005
Pages: 480
Format: Paperback
Weight: 1.47lbs
Size: 9.21h x 6.14w x 0.97d