Dynamic economic theory

Author(s)

Bibliographic Information

Dynamic economic theory

Michio Morishima

Cambridge University Press, 2009

  • : pbk

Other Title

動学的経済理論

Available at  / 3 libraries

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Note

Description based on: digital printed version 2009

"Translation of the author's thesis published in Tōkyō by Kōbundō, 1950. English translation originally published: London : International Centre for Economics and Related Disciplines, 1980. With new addenda"--CIP

First published 1996

Includes bibliographical references (p. 301-306) and index

Description and Table of Contents

Description

This book brings together in a single coherent framework a research programme begun by the author in the forties. The main model around which the analysis is built is Hicksian in character, having been drawn in large part from John Hicks's Value and Capital. The model is extended so as to include money and securities. In respect of the theory of the firm the model focuses on demand and supply plans, on inputs and outputs, on inventories, and on dependencies between them. The stability of temporary equilibrium is discussed for linear and non-linear cases. Because the concept of structural stability is important for understanding non-linear cases, it is defined and applied to the case of economic motion generated from the temporary equilibrium analysis. The addenda focus on developments in economic theory following the publication of the main model.

Table of Contents

  • 1. The method of economic analysis
  • 2. Households' and firms' economic behaviour
  • 3. Stability conditions for temporary equilibrium: the linear case
  • 4. Stability conditions for temporary equilibrium: the non-linear case
  • 5. Comparative dynamics
  • Appendices
  • Mathematical notes.

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