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- catalog abstract ""Standard equilibrium economic models focus on interdepencies. In Out of Equilibrium, Amendola and Gaffard develop a theory also dealing with interdependencies, but based on disequilibria, which take the form of feedback mechanisms over time. The way in which these disequilibria interact sequentially determines the evolution path of an economy. As a result, different processes may be associated with any kind of original shock. Whereas in equilibrium models these processes are determined by the 'fundamentals' of the economy, here the outcome is heavily influenced by the processes themselves, the sequential decisions taken, and policies followed."--Jacket.".
- catalog contributor b10774306.
- catalog contributor b10774307.
- catalog created "1998.".
- catalog date "1998".
- catalog date "1998.".
- catalog dateCopyrighted "1998.".
- catalog description ""Standard equilibrium economic models focus on interdepencies. In Out of Equilibrium, Amendola and Gaffard develop a theory also dealing with interdependencies, but based on disequilibria, which take the form of feedback mechanisms over time. The way in which these disequilibria interact sequentially determines the evolution path of an economy. As a result, different processes may be associated with any kind of original shock. Whereas in equilibrium models these processes are determined by the 'fundamentals' of the economy, here the outcome is heavily influenced by the processes themselves, the sequential decisions taken, and policies followed."--Jacket.".
- catalog description "Includes bibliographical references (p. [265]-273) and index.".
- catalog description "pt. I. Theory: The Building Blocks. 1. Production. 2. Money. 3. The Human Resource. 4. The Market and the Firm. 5. Change -- pt. II. Analysis: Processes of Change. 6. Out-of-Equilibrium Modelling. 7. Processes of Change. 8. Rethinking the basic issues. App. Numerical Simulations Data.".
- catalog extent "ix, 280 p. :".
- catalog identifier "0198293801".
- catalog issued "1998".
- catalog issued "1998.".
- catalog language "eng".
- catalog publisher "Oxford : Clarendon Press ; New York : Oxford University Press,".
- catalog subject "339.5 21".
- catalog subject "Equilibrium (Economics)".
- catalog subject "HB145 .A47 1998".
- catalog subject "Production (Economic theory)".
- catalog subject "Saving and investment.".
- catalog tableOfContents "pt. I. Theory: The Building Blocks. 1. Production. 2. Money. 3. The Human Resource. 4. The Market and the Firm. 5. Change -- pt. II. Analysis: Processes of Change. 6. Out-of-Equilibrium Modelling. 7. Processes of Change. 8. Rethinking the basic issues. App. Numerical Simulations Data.".
- catalog title "Out of equilibrium / Mario Amendola and Jean-Luc Gaffard.".
- catalog type "text".