Encyclopaedia Of Advanced Economic Theory 3 Voume Set

Mainstream economic theory relies upon a priori quantitative economic models, which employ a variety of concepts. Theory typi- cally proceeds with an assumption of ceteris paribus, which means holding constant ex- planatory variables other than the one un- der consideration. This book has evolved to account for the successes and failures. The chapters attempt to describe these changes in economic theory both in the kinds of models used and in the factors that are identified as playing key roles.