The Market

Equilibrium, Stability, Mythology

Business & Finance, Economics, Theory of Economics
Cover of the book The Market by Sydney N. Afriat, Taylor and Francis
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Author: Sydney N. Afriat ISBN: 9781134420032
Publisher: Taylor and Francis Publication: May 23, 2006
Imprint: Routledge Language: English
Author: Sydney N. Afriat
ISBN: 9781134420032
Publisher: Taylor and Francis
Publication: May 23, 2006
Imprint: Routledge
Language: English

This punchy book unites mainline mathematical economics and sometimes idiosyncratic political economy. Freshness is brought to the market concept giving general equilibrium theory a new lease of life, and an opening of thought on such matters as free trade, globalization and the environment.
Where most theories of general equilibrium have been based on utility maximizing traders, Afriat here maintains the view that the topic essentially is concerned with aggregates and that anything to do with utility is at best secondary if not spurious. The book goes on to discuss political economy, in particular the idea of 'optimum', and its abuses, especially in doctrine related to the market.
This novel book will be of equal appeal to mathematical thinkers, those interested in the theory of market and political economists.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This punchy book unites mainline mathematical economics and sometimes idiosyncratic political economy. Freshness is brought to the market concept giving general equilibrium theory a new lease of life, and an opening of thought on such matters as free trade, globalization and the environment.
Where most theories of general equilibrium have been based on utility maximizing traders, Afriat here maintains the view that the topic essentially is concerned with aggregates and that anything to do with utility is at best secondary if not spurious. The book goes on to discuss political economy, in particular the idea of 'optimum', and its abuses, especially in doctrine related to the market.
This novel book will be of equal appeal to mathematical thinkers, those interested in the theory of market and political economists.

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