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Exploring General Equilibrium (Mit Press),New
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An Incisive, Unconventional Assessment Of General Equilibrium Theory; With A Previously Unpublished Paper.Fischer Black Is Known For His Brilliance As Well As His Sometimes Controversial Opinions. Highly Respected For His Scholarly Writings In Finance, He Now Moves Into Different Territory With This Incisive, Unconventional Assessment Of General Equilibrium Theory And What That Theory Reveals About Business Cycles, Growth, And Labor Economics. The General Equilibrium Approach, Black Asserts, Can Be Used To Explain Most Of The Economy'S Behavior. It Can Explain Business Cycles And Growth Without Using Sticky Prices, Irrationality, Economies Of Scale, Or Imperfect Competition. It Can Explain The Volatility Of Consumption, Output, Sales, Investment, And Inventories With Axiomatic Utility And Constantreturnstoscale Production. It Can Explain Temporary Layoffs, Job Changes With And Without Intervening Unemployment, And The Behavior Of Vacancies. It Can Explain Lower Wages In Parttime Jobs, Wages That Increase Rapidly With Time On The Job, And The Forces That Cause Migration From Poor To Rich Countries. Although The General Equilibrium Approach Can'T Be Tested In Conventional Ways, It Can Be Used To Generate Examples That Explain Stylized Factsgeneralized Observations From The Real Worldthat Have Preoccupied Macroeconomists For The Last Decade. Black Contrasts His Interpretation Of These Facts With Conventional Interpretations. Finally, He Reviews A Substantial Body Of Literature On These Topics.
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- Q: What is the page count of 'Exploring General Equilibrium'? A: The book has three hundred sixty pages. This length allows for an in-depth exploration of general equilibrium theory and its applications.
- Q: What are the dimensions of 'Exploring General Equilibrium'? A: The book measures six inches in length, zero point nine one inches in width, and nine point zero two inches in height. These dimensions make it a standard size for a paperback book.
- Q: What type of binding does 'Exploring General Equilibrium' have? A: This book is bound in paperback. Paperback bindings are typically more flexible and lighter than hardcover options.
- Q: Who is the author of 'Exploring General Equilibrium'? A: The author is Fischer S. Black. He is well-known for his contributions to finance and economics.
- Q: What category does 'Exploring General Equilibrium' fall under? A: It is categorized under Econometrics & Statistics. This classification indicates its focus on economic theory and statistical methods.
- Q: What is the primary focus of 'Exploring General Equilibrium'? A: The book focuses on general equilibrium theory and its implications for understanding economic behavior. It offers a unique perspective on various economic phenomena.
- Q: How can I apply the concepts from 'Exploring General Equilibrium'? A: You can apply the concepts by analyzing economic behavior, including business cycles and labor economics. The book provides frameworks that can enhance your understanding of these topics.
- Q: Is 'Exploring General Equilibrium' suitable for beginners? A: Yes, it is suitable for readers interested in economics, though some prior knowledge may be beneficial. The book presents complex ideas in an accessible manner.
- Q: What is the reading level for 'Exploring General Equilibrium'? A: The book is intended for advanced undergraduate or graduate students in economics. It assumes a foundational understanding of economic principles.
- Q: How should I care for 'Exploring General Equilibrium'? A: Keep it in a dry, cool place to preserve the binding and pages. Avoid exposing it to direct sunlight, which can fade the cover.
- Q: Can I store 'Exploring General Equilibrium' with other books? A: Yes, you can store it with other books. Ensure it is upright to prevent warping and damage.
- Q: What if 'Exploring General Equilibrium' arrives damaged? A: If it arrives damaged, contact the seller for a return or exchange. Most retailers have policies in place for damaged goods.
- Q: Is there a warranty for 'Exploring General Equilibrium'? A: Typically, books do not come with a warranty. However, check with the retailer for their return policies.
- Q: How do I know if 'Exploring General Equilibrium' is the right book for me? A: This book is ideal if you're interested in deepening your knowledge of general equilibrium theory. It contrasts conventional interpretations, appealing to critical thinkers.
- Q: What topics does 'Exploring General Equilibrium' cover? A: It covers business cycles, growth, labor economics, and the volatility of economic indicators. These topics are crucial for understanding macroeconomic dynamics.