
Dynamic Economic Theory
Michio Morishima(Author)
Cambridge University Press
Published on 17. October 1996
Book
Hardback
334 pages
978-0-521-56324-6 (ISBN)
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.
Reviews / Votes
'Dynamic Economic Theory is largely a retrospective commentary on the development of this strand of economics over the last half-century. It can be read in isolation from the author's other books, though its significance becomes more transparent when these are taken into account. In this context, Morishima has added another important element to the corpus of his many contributions to economic analysis.' R. E. Bailey, The Economic JournalMore details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 24 mm
Weight
694 gr
ISBN-13
978-0-521-56324-6 (9780521563246)
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Michio Morishima
Dynamic Economic Theory
Book
09/2009
Cambridge University Press
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Content
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.