{"product_id":"9783540581024","title":"Lecture Notes in Economics and Mathematical Systems: The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic","description":"\u003ch1\u003eLecture Notes in Economics and Mathematical Systems: The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic\u003c\/h1\u003e \u003ch2\u003eNicola, Pier C.\u003c\/h2\u003e \u003cp\u003eEconomic theory of the last fifty years has been dominated by the paradigm of General Equilibrium Theory, based on the scientific work of Walras-Pareto-Cassel-Wald-Hicks-Arrow-De­ breu-McKenzie. Some of its grounding assumptions are: all prices are fully flexible; an auctioneer appropriately manipulates all prices according to the law of supply and demand; every con­ sumer has only one budget constraint; all agents are perfectly informed; no actions are taken by agents before a vector of prices has been found such that all markets clear. Indeed, when all markets clear every agent can implement her\/his chosen (opti­ mal) action and nobody is urged to change his\/her decisions. Under these assumptions it is generally said that in a (one pe­ riod, competitive) general equilibrium model there is no place for money. The present monograph takes general equilibrium as the ba­ sis on which to build the model presented. But its first aim is to completely dispense with the Walrasian auctioneer by giving firms the task of choosing their output price~ period after period.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 1994-08-29\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9783540581024\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-642-48399-8\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 167\u003c\/p\u003e ","brand":"Springer Berlin Heidelberg","offers":[{"title":"Default Title","offer_id":44398517256332,"sku":"9783540581024","price":49.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783540581024.jpg?v=1774028659","url":"https:\/\/lateknightbooks.com\/products\/9783540581024","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}