Equilibrium Models In Economics: Purposes And Critical Limitations

The purpose and problems for equilibrium models -- Equilibrium models and explanation -- Equilibrium attainment vs. equilibrium necessities -- Does general equilibrium attainment imply universal maximization? -- Time and knowledge matters : general equilibrium attainment -- Equilibrium concepts and critiques : two cultures -- The limits of equilibrium models -- Recognizing knowledge in equilibrium models -- Limits of equilibrium methodology an educational dialogue -- Equilibrium models vs. realistic understanding -- Macroeconomic equilibrium model building and the stability problem -- Equilibrium models intended to overcome limits -- Equilibrium models vs. evolutionary economic models -- Equilibrium models vs. complexity economics -- Building models of price dynamics -- Building models of non-clearing markets -- Building models of learning and the equilibrium process -- Bibliography -- Names index -- Subject index

• | Author: Lawrence A. Boland
• | Publisher: Oxford University Press
• | Publication Date: May 19, 2017
• | Number of Pages: 288 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 0190274336
• | ISBN-13: 9780190274337