Macroeconomics: An Introduction to the Non-Walrasian Approach

Jean-Pascal Benassy

ISBN 10: 0120864266 / ISBN 13: 9780120864263

Published by Academic Press October 1997, 1997

About this Item

No interior markings. Mild surface rubbing to wraps.

Seller Inventory # 323305

Bibliographic Details

• Title: Macroeconomics: An Introduction to the Non-Walrasian Approach
• Publisher: Academic Press October 1997
• Publication Date: 1997
• Language: English
• ISBN 10: 0120864266
• ISBN 13: 9780120864263
• Binding: Paper Back
• Condition: Very Good
• Seller catalogs:
  • Economics

About this title

Synopsis

An Introduction to the Non-Walrasian Approach provides the approach to macroeconomic theory based on the non-Walrasian method. This book presents the microeconomic concepts that can be applied in a simple and relevant manner to the fundamental topics of macroeconomic theory. Organized into five parts encompassing 14 chapters, this book begins with an overview of the fundamental concepts, describing the functioning of nonclearing markets, the role of expectations, the setting of prices by decentralized agents, and the derivation of optimal demand and supplies. This text then studies various non-Walrasian equilibrium concepts. Other chapters compare the classical and Keynesian theories of unemployment in the framework of a model. This book discusses as well the asymmetric price flexibility into the basic model. The final chapter deals with a dynamic model with explicit expectations, which allows a comparison of the employment effects of various expectations schemes and their realism. This book is a valuable resource for economists.