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General equilibrium[electronic resou...

Bryant, W. D. A.

General equilibrium[electronic resource] :theory and evidence /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
杜威分類號:	339.5
書名/作者:	General equilibrium : theory and evidence // W.D.A. Bryant.
作者:	Bryant, W. D. A.
出版者:	Singapore ; : World Scientific Pub. Co.,, c2010.
面頁冊數:	1 online resource (x, 481 p.) : : ill.
標題:	Equilibrium (Economics)
ISBN:	9789812818355 (electronic bk.)
ISBN:	9812818359 (electronic bk.)
書目註:	Includes bibliographical references (p. 435-476) and index.
摘要、提要註:	General Equilibrium Theory studies the properties and operation of free market economies. The field is a response to a series of questions originally outlined by Leon Walras about the operation of markets and posed by Frank Hahn in the following way: 'Does the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence - and if so, how is that achieved?' This is always an apt question, but particularly so given the 'Global Financial Crisis' that emerged from the operation of market economies in the Americas and Europe in mid to late 2008. The answer that General Equilibrium Theory provides to the Walras-Hahn question is that, under certain conditions coherence is possible, while under certain other conditions chaos, in various forms, is likely to prevail. The conditionality of either outcome is not always well understood - neither by proponents of, or antagonists to, the 'free market position'. Consequently, this book attempts to show something of what General Equilibrium Theory has to say about the wisdom or otherwise of always relying on 'market forces' to manage complex socio-economic systems.
電子資源:	http://www.worldscientific.com/worldscibooks/10.1142/6875#t=toc

General equilibrium[electronic resource] :theory and evidence /
Bryant, W. D. A.

General equilibriumtheory and evidence /[electronic resource] :W.D.A. Bryant. - Singapore ;World Scientific Pub. Co.,c2010. - 1 online resource (x, 481 p.) :ill.

Includes bibliographical references (p. 435-476) and index.

General Equilibrium Theory studies the properties and operation of free market economies. The field is a response to a series of questions originally outlined by Leon Walras about the operation of markets and posed by Frank Hahn in the following way: 'Does the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence - and if so, how is that achieved?' This is always an apt question, but particularly so given the 'Global Financial Crisis' that emerged from the operation of market economies in the Americas and Europe in mid to late 2008. The answer that General Equilibrium Theory provides to the Walras-Hahn question is that, under certain conditions coherence is possible, while under certain other conditions chaos, in various forms, is likely to prevail. The conditionality of either outcome is not always well understood - neither by proponents of, or antagonists to, the 'free market position'. Consequently, this book attempts to show something of what General Equilibrium Theory has to say about the wisdom or otherwise of always relying on 'market forces' to manage complex socio-economic systems.

ISBN: 9789812818355 (electronic bk.)Subjects--Topical Terms:

227618
Equilibrium (Economics)

LC Class. No.: HB145 / .B789 2010eb

Dewey Class. No.: 339.5

General equilibrium[electronic resource] :theory and evidence /
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504 $a Includes bibliographical references (p. 435-476) and index.
520 $a General Equilibrium Theory studies the properties and operation of free market economies. The field is a response to a series of questions originally outlined by Leon Walras about the operation of markets and posed by Frank Hahn in the following way: 'Does the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence - and if so, how is that achieved?' This is always an apt question, but particularly so given the 'Global Financial Crisis' that emerged from the operation of market economies in the Americas and Europe in mid to late 2008. The answer that General Equilibrium Theory provides to the Walras-Hahn question is that, under certain conditions coherence is possible, while under certain other conditions chaos, in various forms, is likely to prevail. The conditionality of either outcome is not always well understood - neither by proponents of, or antagonists to, the 'free market position'. Consequently, this book attempts to show something of what General Equilibrium Theory has to say about the wisdom or otherwise of always relying on 'market forces' to manage complex socio-economic systems.
588 $a Description based on print version record.
650 0 $a Equilibrium (Economics) $3 227618
710 2 $a World Scientific (Firm) $3 486763
856 4 0 $u http://www.worldscientific.com/worldscibooks/10.1142/6875#t=toc

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