Donald A. Walker Walras's Market Models

ISBN 13: 9780521022958

Walras's Market Models

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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.

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Walras's Market Models describes and evaluates Leon Walras's models of competitive markets. The book differs from previous examinations of his work by identifying his career phases and the associated general equilibrium models, which are shown to be very different in character. During his mature phase of theoretical activity, Walras was concerned with a competitive economy that passes through a stage of disequilibrium in the production and sales of commodities. In his last phase of theoretical activity, he tried to construct a model in which hiring, production, sales, consumption, and saving would be suspended until an equilibrium of prices was found. The defective structure of that model and its fragmentary nature prevented it from becoming a functioning system. Until now, the models of the two phases of Walras's theoretical work have not been subjected to an accurate analysis and evaluation. Walras's Market Models fills this gap.

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'If prizes are given in the history of economic thought ... one ought to go to Donald Walker ... Walker's arguments are very convincing ... Those who are interested in knowing about the detailed analysis of Walras' own models should read and appreciate Walker's contribution.' The Economic Journal

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9780521562683: Walras's Market Models

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ISBN 10:  0521562686 ISBN 13:  9780521562683
Publisher: Cambridge University Press, 1996
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Book Description CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2005. Paperback. Condition: New. Revised ed.. Language: English . Brand New Book ***** Print on Demand *****.Walras s Market Models describes and evaluates Leon Walras s 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 which 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. The two phases of Walras s theoretical work have not previously been identified, and the models have not been subjected to an accurate analysis and evaluation. Seller Inventory # AAV9780521022958

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Book Description CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2005. Paperback. Condition: New. Revised ed.. Language: English . Brand New Book ***** Print on Demand *****. Walras s Market Models describes and evaluates Leon Walras s 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 which 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. The two phases of Walras s theoretical work have not previously been identified, and the models have not been subjected to an accurate analysis and evaluation. Seller Inventory # AAV9780521022958

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Book Description Cambridge University Press. Paperback. Condition: New. 480 pages. Dimensions: 9.0in. x 6.0in. x 1.1in.Walrass Market Models describes and evaluates Lon 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. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Seller Inventory # 9780521022958

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