Market Process Theories (The International Library of Critical Writings in Economics, Series no. 91)
Language: English
Published by Edward Elgar Publishing, 1998
- Hardcover
- New
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- Title
- Market Process Theories (The International Library of Critical Writings in Economics, Series no. 91)
- Publisher
- Edward Elgar Publishing
- Publication year
- 1998
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 1858985560
- ISBN 13
- 9781858985565
- Item weight
- 1,000 grams
Volume I examines classical and neoclassical theories; it suggests that many classical writers can be interpreted as having anticipated a more dynamic disequilibrium analysis, and evaluates Marxian process theory also in this light. Other topics include analyses of price adjustment models, stability and disequilibria and a discussion of the challenge of increasing returns. Volume II deals with criticisms of standard theories such as institutionalism and post Keynesian criticisms. It also offers an exploration of the Swedish influence in the field with papers on the theory of savings and the concept of monetary equilibrium among others. Austrian economics is the subject of the final section, which explores such topics as the meaning of competition, process analysis and price and quantity adjustment.
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