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General equilibrium = theory and evi...

Bryant, W. D. A.

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General equilibrium = theory and evidence /

Record Type:	Electronic resources : Monograph/item
Title/Author:	General equilibrium/ W.D.A. Bryant.
Reminder of title:	theory and evidence /
Author:	Bryant, W. D. A.
Published:	Singapore ;World Scientific Pub. Co., : c2010.,
Description:	1 online resource (x, 481 p.) :ill.
Subject:	Equilibrium (Economics) -
Online resource:	http://www.worldscientific.com/worldscibooks/10.1142/6875#t=toc
ISBN:	9789812818355 (electronic bk.)

General equilibrium = 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:

648976
Equilibrium (Economics)

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

Dewey Class. No.: 339.5

General equilibrium = theory and evidence /
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245 1 0 $a General equilibrium $h [electronic resource] : $b theory and evidence / $c W.D.A. Bryant.
260 $a Singapore ; $a Hackensack, N.J. : $b World Scientific Pub. Co., $c c2010.
300 $a 1 online resource (x, 481 p.) : $b ill.
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 648976
710 2 $a World Scientific (Firm) $3 560950
856 4 0 $u http://www.worldscientific.com/worldscibooks/10.1142/6875#t=toc