Exploring General Equilibrium 2024 pdf epub mobi 电子书


Exploring General Equilibrium

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发表于2024-12-23

Exploring General Equilibrium 2024 pdf epub mobi 电子书

Exploring General Equilibrium 2024 pdf epub mobi 电子书

Exploring General Equilibrium 2024 pdf epub mobi 电子书



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出版者:The MIT Press
作者:Fischer S. Black
出品人:
页数:360
译者:
出版时间:2010-5-21
价格:USD 32.00
装帧:Paperback
isbn号码:9780262514095
丛书系列:

图书标签: 经济学  金融  经济  英文  矿工  杰作  一般均衡  xiong   


Exploring General Equilibrium 2024 pdf epub mobi 电子书 图书描述

Fischer Black is known for his brilliance as well as his sometimes controversial opinions. Highly respected for his scholarly writings in finance, he now moves into different territory with this incisive, unconventional assessment of general equilibrium theory and what that theory reveals about business cycles, growth, and labor economics.The general equilibrium approach, Black asserts, can be used to explain most of the economy's behavior. It can explain business cycles and growth without using sticky prices, irrationality, economies of scale, or imperfect competition. It can explain the volatility of consumption, output, sales, investment, and inventories with axiomatic utility and constant-returns-to-scale production. It can explain temporary layoffs, job changes with and without intervening unemployment, and the behavior of vacancies. It can explain lower wages in part-time jobs, wages that increase rapidly with time on the job, and the forces that cause migration from poor to rich countries.Although the general equilibrium approach can't be tested in conventional ways, it can be used to generate examples that explain stylized facts -- generalized observations from the real world -- that have preoccupied macroeconomists for the last decade. Black contrasts his interpretation of these facts with conventional interpretations. Finally, he reviews a substantial body of literature on these topics.

Exploring General Equilibrium 2024 pdf epub mobi 电子书

Exploring General Equilibrium 2024 pdf epub mobi 电子书
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