
On Time
Lectures on Models of Equilibrium
Peter A. Diamond(Author)
Cambridge University Press
Published on 17. September 2009
Book
Paperback/Softback
136 pages
978-0-521-11976-4 (ISBN)
Description
In these two lectures, first published in 1994, Peter Diamond explores how time is modelled in theoretical analyses of individual industries and of an entire economy. In the first lecture he considers equilibrium in a single market by examining the distinction between the short run and the long run in Marshallian analysis. He proposes an explicit modelling of time in place of Marshall's use of different atemporal models for different time frames. In the second lecture he turns to models of an entire economy, and begins by considering how and why models of an entire economy should differ from models of a single industry. Both cyclical and seasonal data on the behaviour of macro-economies are examined.
More details
Series
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Product notice
Paperback (trade)
Illustrations
Worked examples or Exercises
Dimensions
Height: 216 mm
Width: 140 mm
Thickness: 8 mm
Weight
182 gr
ISBN-13
978-0-521-11976-4 (9780521119764)
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Schweitzer Classification
Person
Content
Preface; Lecture I. Modelling an Industry: 1. Short run and long run; 2. Pricing; Lecture II. Modelling an Economy: 3. Short run and long run; 4. Money, income and credit; References; Index.