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General Equilibrium (Volume 2) (Collected Papers of Kenneth J. Arrow) - Hardcover

 
9780674137615: General Equilibrium (Volume 2) (Collected Papers of Kenneth J. Arrow)

Synopsis

Unlike the papers of some other great economists, those of Kenneth Arrow are being read and studied today with even greater care and attention than when they first appeared in journals. This publication of his collected papers, to be completed in seven topical volumes, will be welcomed by economists and other social scientists and in particular by graduate students, who can draw from them the deep knowledge and taste in the selection of scientific problems that only a master can offer.

This volume is concerned with the foundations of neo-classical economic analysis. General equilibrium is a theory of prices in which all of the actions of the economic agents in an economy are determined simultaneously and in a decentralized fashion. The price system, determined in competitive markets, guides actions for both firms and individual consumers. All of the complex interrelations of the economy are distilled into the determination of this price system.

In these papers, Arrow examines the conditions under which such a price system would exist. He also clarifies the conditions under which the system can or cannot achieve an optimum. In the latter case, when “market failures” are present, he shows the role of a benevolent government in helping to overcome the induced inefficiencies.

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About the Author

A past president of the American Economic Association, Kenneth J. Arrow was awarded the Nobel Memorial Prize in Economic Science in 1972.

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9780631134343: General Equilibrium

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Publisher: Wiley–Blackwell, 1984
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hardcover. Condition: Good. Connecting readers with great books since 1972! Used textbooks may not include companion materials such as access codes, etc. May have some wear or writing/highlighting. We ship orders daily and Customer Service is our top priority!. Seller Inventory # S_376447411

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Condition: Good. Volume 2. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. Dust jacket in good condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,750grams, ISBN:0674137612. Seller Inventory # 9880382

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Hardcover. Condition: Very Good. Dust Jacket Condition: Good. vi, 307 pages : illustrations. Publisher's cloth-covered binding bright and fresh, light wear to foot of spine; previous owner's stamp to upper fore-corner of front free endpaper, else contents as new. Edgewear to dust jacket, with a one-inch tear to head of front hinge, and sunning to spine. 690 grams. Seller Inventory # 013805

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Hardcover. Condition: Very Good. Volume 2. Hardcover and dust jacket. Tears to jacket with loss. Good binding and cover. Shelf wear. Clean, unmarked pages. vi, 307 p., 24 cm. "This volume is concerned with the foundations of neo-classical economic analysis. General equilibrium is a theory of prices in which all of the actions of the economic agents in an economy are determined simultaneously and in a decentralized fashion. The price system, determined in competitive markets, guides actions for both firms and individual consumers. All of the complex interrelations of the economy are distilled into the determination of this price system.". Seller Inventory # 2104220112

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Arrow, Kenneth J.
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HARDCOVER BEIGE. gold gilt lettering on spine, good tight binding, no markings, no underlining or highlighting DATE PUBLISHED: 1983 EDITION: 307. Seller Inventory # 114099

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Condition: New. The publication of Arrow s collected papers will be welcomed by economists and other social scientists and in particular by graduate students, who can draw from them the knowledge and the discernment in selection of scientific problems that only a master ca. Seller Inventory # 594872659

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