Walras's Market Models
By (author) Donald A. Walker
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Walras's Market Models by Donald A. Walker
Book DescriptionWalras's Market Models describes and evaluates Leon Walras's models of competitive markets. Through identification of his career phases and the associated general equilibrium models, which are shown to be very different in character, this book differs from previous examinations of his work. During his mature phase of theoretical activity, Walras was concerned with a competitive economy which passes through a phase of disequilibrium in the production and sales of commodities. While in his last phase of theoretical activity, he developed a model in which there is no production, sales, hiring, consuming or saving until an assumed set of equilibrium prices obtains of the model. The two phases of Walras's theoretical work have not previously been identified, and the models have not been subjected to an accurate analysis and evaluation.
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Book DetailsISBN: 9780521562683
(228mm x 152mm x 27mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Oct-1996
Country of Publication: United Kingdom
Books By Author Donald A. Walker
Leon Walras: Elements of Theoretical Economics, Hardback (October 2014)
This is an English translation of the third edition (1896) of Leon Walras' Elements of Theoretical Economics.
Walrasian Economics, Paperback (July 2011)
This book is a comprehensive study of Leon Walras's influence in economics.
William Jaffe's Essays on Walras, Paperback (December 2006)
Essays on the life and work of Leon Walras, the founder of general equilibrium analysis.
Walras's Market Models, Paperback (November 2005)» View all books by Donald A. Walker
This book describes and evaluates Leon Walras's models of competitive markets through identification of his career phases and the associated general equilibrium models.
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