Dynamic Economic Theory

by Michio Morishima

This book brings together in a single coherent framework a research program begun by the author over forty years ago. It aims to develop multisector general equilibrium theory in the tradition of Hicks's Value and Capital, and extends the prototype model to accommodate the analysis of the monetary sector as well as production and consumption. The stability of temporary equilibrium is examined for both linear and nonlinear cases along with the economic path that the theory generates.

Genres: Economics

334 pages, Hardcover

First published October 17, 1996

About the author

Michio Morishima (森嶋 通夫 Morishima Michio, July 18, 1923 – July 13, 2004) was a Japanese economist, mathematician and econometrician, who was a faculty member at the London School of Economics from 1970–88 as the Sir John Hicks Professor of Economics. He was also emeritus professor of Osaka University and a member of the British Academy.

Source: http://en.wikipedia.org/wiki/Michio_M...