ON TIME by Peter A. Diamond ( 9780521119764 ) - Books & Audio Books at Pickabook.co.uk

Item Details

Title:

ON TIME
LECTURES ON MODELS OF EQUILIBRIUM

By:

Peter A. Diamond

Format:

Paperback

List price:

£30.99

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£27.12

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£3.87

ISBN 10:

0521119766

ISBN 13:

9780521119764

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

30 May, 2009

Series:

Churchill Lectures in Economics

Pages:

136

Description:

In these two lectures Peter Diamond explores how time is modelled in theoretical analyses of individual industries and of an entire economy.

Synopsis:

In these two lectures, first published in 1994, Peter Diamond explores how time is modelled in theoretical analyses of individual industries and of an entire economy. In the first lecture he considers equilibrium in a single market by examining the distinction between the short run and the long run in Marshallian analysis. He proposes an explicit modelling of time in place of Marshall's use of different atemporal models for different time frames. In the second lecture he turns to models of an entire economy, and begins by considering how and why models of an entire economy should differ from models of a single industry. Both cyclical and seasonal data on the behaviour of macro-economies are examined.

Illustrations:

5 line figures

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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ON TIME