The Concept Of Equilibrium In Different Economic Traditions
An Historical Investigation
Bert Tieben, SEO Economic Research, The Netherlands
Hardback £129.00 on-line price £116.10
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.
Contents: 1. Introduction 2. What is Equilibrium? 3. Methodological Assessment 4. The Origins of Economic Equilibrium 5. The Circular Flow of Goods and Money 6. Adam Smith’s Love of System 7. Statics and Dynamics in Classical Economics 8. Mathematical Revolution 9. The Dreamland of Léon Walras 10. The Subjectivist Challenge of the Austrian School 11. Monetary Equilibrium 12. Dynamic Analysis in Monetary Theory 13. The Impact of Uncertainty 14. Creative Entrepreneurship: Chaos or Coordination? 15. Evolutionary Economics 16. Disequilibrium Foundations of Equilibrium Analysis 17. Economics With or Without Equilibrium? References Index