HOME | BESTSELLERS | NEW RELEASES | PRICE WATCH | FICTION | BIOGRAPHIES | E-BOOKS |
Exploring General Equilibrium Book
* Excludes Voucher Code Discount Also available Used from £N/A
-
Product Description
with a previously unpublished paper by the author and a new foreword by Edward Glaeser
Fischer Black was known for his brilliance as well as for his sometimes controversial opinions. Highly respected for his scholarly writings in finance, with this book he moved into different territory, offering an incisive, unconventional assessment of general equilibrium theory and what that theory reveals about business cycles, growth, and labor economics.
In Exploring General Equilibrium, Black asserts that the general equilibrium approach can be used to explain most of the economy’s behavior. It can explain business cycles and growth without using sticky prices, irrationality, economies of scale, or imperfect competition. It can explain the volatility of consumption, output, sales, investment, and inventories with axiomatic utility and constant-returns-to-scale production. It can explain temporary layoffs, job changes with and without intervening unemployment, and the behavior of vacancies. It can explain lower wages in part-time jobs, wages that increase rapidly with time on the job, and the forces that cause migration from poor to rich countries.
This paperback edition of Exploring General Equilibrium includes a previously unpublished paper by Black, "Neutral Technical Change," edited by Harvard economist Edward Glaeser, who also contributes the foreword.
- 0262514095
- 9780262514095
- F Black
- 8 February 2010
- MIT Press
- Paperback (Book)
- 368
Would you like your name to appear with the review?
We will post your book review within a day or so as long as it meets our guidelines and terms and conditions. All reviews submitted become the licensed property of www.find-book.co.uk as written in our terms and conditions. None of your personal details will be passed on to any other third party.
All form fields are required.