On Time
Lectures on Models of Equilibrium
Format:Hardback
Publisher:Cambridge University Press
Published:6th Oct '94
Currently unavailable, and unfortunately no date known when it will be back
This hardback is available in another edition too:
- Paperback£30.99(9780521119764)
In these two lectures Peter Diamond explores how time is modelled in theoretical analyses of individual industries and of an entire economy.
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. Both cyclical and seasonal data on the behaviour of macro-economies are examined.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.
ISBN: 9780521462891
Dimensions: 216mm x 140mm x 11mm
Weight: 320g
136 pages