» General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
Rating: 4.0 / 5.00 (1 review)
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Manufacturer: Harvard University Press
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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory Details
Binding: HardcoverDewey Decimal Number: 339.5
EAN: 9780674022881
ISBN: 0674022882
Label: Harvard University Press
Manufacturer: Harvard University Press
Number Of Items: 1
Number Of Pages: 624
Publication Date: 2007-02-28
Publisher: Harvard University Press
Studio: Harvard University Press
General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory Reviews
Customer Rating:Summary: The importance today of microeconomy.
Comment: This book is relevant for the actual society, because it represents the sense of general equilibrium, what it depends by the markets and the individual preference of client. The explication is particullary simple and I don't have the difficulties existent in other texts.
Editorial Review for General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory:
This book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a unified approach to portions of macro- as well as microeconomic theory. The book contains problems sets for most chapters.
