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" The concept of equilibrium in different economic traditions : "
Bert Tieben.
Document Type
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BL
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Record Number
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857034
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Main Entry
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Tieben, Bert,1967-
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Title & Author
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The concept of equilibrium in different economic traditions : : an historical investigation /\ Bert Tieben.
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Publication Statement
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Cheltenham, UK ;Northhampton, MA :: Edward Elgar,, ©2012.
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Page. NO
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vii, 682 pages :: illustrations ;; 24 cm
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ISBN
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1781953511
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: 1848449933
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: 9781781953518
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: 9781848449930
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9781781953518
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Bibliographies/Indexes
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Includes bibliographical references (pages 616-653) and index.
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Contents
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Introduction -- What is Equilibrium? -- Methodological assessment -- The origins of economic equilibrium -- The circular flow of goods and money -- Adam Smith's Love of system -- Statics and dynamics in classical economics -- Mathematical revolution -- The dreamland of Léon Walras -- The subjectivist challenge of the Austrian school -- Monetary equilibrium -- Dynamic analysis in monetary theory -- The impact of uncertainty -- Creative entrepreneurship: chaos or coordination? -- Evolutionary economics -- Disequilibrium foundations of equilibrium analysis -- Economics with or without equilibrium?
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Abstract
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This book deals with one of the most puzzling concepts in economic science, that of economic equilibrium. In modern economics, equilibrium is considered a key assumption, but its role is contested by economists both from within the mainstream and from rival schools of thought.
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Subject
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Equilibrium (Economics)
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Subject
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Equilibrium (Economics)
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Dewey Classification
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339.5
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LC Classification
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HB145.T54 2012
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