Theory of General Economic Equilibrium

Trout Rader

• Publisher: Academic Press
• Year: 2014
• ISBN:
  9781483268927
• Topic: Economics
• Subtopic: Economic Theory
• Index: Economics

Theory of General Economic Equilibrium provides information pertinent to the general economic equilibrium theory. This book covers a variety of topics, including efficiency, economic systems analysis, welfare economics, and international trade. Organized into three parts encompassing eight chapters, this book begins with an overview of the theory of efficient production and growth where consumer preferences play a subordinate role. This text then examines that for the case where preferences satisfy appropriate conditions, efficiency theory is superseded as normative analysis by optimality theory. Other chapters consider the optimization of consumer preferences that leads to the decline of many families. This book discusses as well the existence of equilibrium, which is of importance to both normative and positive economics. The final chapter deals with the question of the speed with which the economic system attains its equilibrium state, which is assumed to be stationary. This book is a valuable resource for professional economists and advanced graduate students in economics.

Table of contents

• Front Cover
• Theory of General Economic Equilibrium
• Copyright Page
• Table of Contents
• Dedication
• Preface
• Acknowledgments
• List of Special Definitions
• List of Notational Conventions and Basic Symbols
• Part I: Welfare
• Part II: Statics
• Part Ill: Dynamics
• References
• Author Index
• Subject Index