Stock-Flow-Consistent Models and Institutional Variety
Language: English
Published by Vernon Press 2017-08, 2017
- Softcover
- New
Seller: Chiron Media, Wallingford, United KingdomChiron Media
AbeBooks seller since August 2, 2010
Condition: New
£ 47.56
Quantity: 10 available
Add to basketSeller Inventory # 6666-IUK-9781622731824
- Title
- Stock-Flow-Consistent Models and Institutional Variety
- Author
- Correa, Amelia
- Publisher
- Vernon Press 2017-08
- Publication year
- 2017
- Condition
- New
- Binding
- PF
- Language
- English
- ISBN 10
- 1622731824
- ISBN 13
- 9781622731824
Methodology usually irritates economists. They prefer to get on with the job and do structural economics. The term always means general equilibrium. The story is told of consumers and producers making choices about consumption, work, investment, and so on. The grand finale is clearing of all markets. The plot is essentially devoid of money and banking. The language, though, is flexible enough to incorporate these elements and post-financial crisis, the best minds have been hard at work stretching the script in order to do so.
We, on the other hand, hark back to another approach to structure that regards the economy as a whole as a set of interrelated real and monetary circuits. The principles at work are both logical (balance-sheet accounting) and historical (the economy in thrall to the rhythms of the cycle) and empirical (connections with national income statistics). We deal with identities. Consequently, they are incontrovertible. The relationships are connected by so-called stock-flow norms. These numbers can vary over time and space. Their uses are varied and will include ranges that they must fall within to ensure the stability of certain difference equation representations of our economies. In contrast, the community is used to norms imported or imposed from Basel or the IMF. Despite the popular connotations of the term 'accounting', the approach is fecund for proposing novel institutional practices to be transplanted into modern economies for welfare-maximizing ends. Their force is their origins in arithmetic. General equilibrium (anti-general equilibrium) tends to be strong on technique (critique) but weak when it comes to recommending non-trivial policy. Finally, most macroeconomists tend to think in closed-economy terms, the 'foreign' being the mirror of 'home'. What might be the connections between two institutionally varied economies that are thrown together by the dynamics of globalization?
"Synopsis" may belong to another edition of this title.
About the Author
"About the title" may belong to another edition of this title.
Chiron Media
Wallingford, United Kingdom
AbeBooks seller since August 2, 2010
Shipping rates from United Kingdom to U.S.A.
| Item | 14 to 21 business days | 14 to 21 business days |
|---|---|---|
| First item | £ 15.49 | £ 15.49 |
Payment methods
Seller's business information
WRAP Ltd
Unit 4, 119 Loverock Rd
Reading, United Kingdom RG30 1DZ
Terms of sale
TBA
Right of withdrawal
If you are a consumer you can withdraw from the contract in accordance with the following. Consumer means any natural person who is acting for purposes which are outside his trade, business, craft or profession.
Information regarding the right of withdrawal
Statutory right to withdraw
You have the right to withdraw from this contract within 14 days without giving any reason.
The withdrawal period will expire after 14 days from the day on which you acquire, or a third party other than the carrier and indicated by you acquires, physical possession of the last good or the last lot or piece.
To exercise the right of withdrawal, electronically fill in and submit a clear statement on our website, under "My Purchases" in "My Account". We will communicate to you an acknowledgement of receipt of such a withdrawal on a durable medium (e.g. by e-mail) without delay.
To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.
Effects of withdrawal
If you withdraw from this contract, we will reimburse to you all payments received from you, including the costs of delivery (except for the supplementary costs arising if you chose a type of delivery other than the least expensive type of standard delivery offered by us).
We may make a deduction from the reimbursement for loss in value of any goods supplied, if the loss is the result of unnecessary handling by you.
We will make the reimbursement without undue delay, and not later than 14 days after the day on which we are informed about your decision to withdraw from this contract.
We will make the reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.
We may withhold reimbursement until we have received the goods back, or you have supplied evidence of having sent back the goods, whichever is the earliest.
You shall send back the goods or hand them over to Chiron Media, Wallingford, United Kingdom, without undue delay and in any event not later than 14 days from the day on which you communicate your withdrawal from this contract to us. The deadline is met if you send back the goods before the period of 14 days has expired. You will have to bear the direct cost of returning the goods. You are only liable for any diminished value of the goods resulting from the handling other than what is necessary to establish the nature, characteristics and functioning of the goods.
Exceptions to the right of withdrawal
The right of withdrawal does not apply to:
- The delivery of newspapers, journals or magazines with the exception of subscription contracts; and
- The supply of digital content which is not supplied on a tangible medium (e.g. on a CD or DVD) if you accepted when you placed your order that we could start to deliver it, and that you could not withdraw once delivery had started.
Shipping terms
Shipping costs are based on books weighing 2.2 LB, or 1 KG. If your book order is heavy or oversized, we may contact you to let you know extra shipping is required.