Equilibrium, Expectations and Information. A Study of the General Theory and Modern Classical Economics.

TORR, Christopher:

ISBN 10: 0745602347 / ISBN 13: 9780745602349

Published by Cambridge (UK): Polity Press, 1988., 1988

About this Item

x, 150 pp. Original cloth. Near Fine, in near fine dust jacket.

Seller Inventory # 17568

Bibliographic Details

• Title: Equilibrium, Expectations and Information. A Study of the General Theory and Modern Classical Economics.
• Publisher: Cambridge (UK): Polity Press, 1988.
• Publication Date: 1988
• Language: English
• ISBN 10: 0745602347
• ISBN 13: 9780745602349
• Binding: Hardcover
• Edition: 1st Edition
• Condition: Fine
• Dust Jacket Condition: Fine

About this title

Synopsis

This wide-ranging survey covers Keynes' analysis, the neoclassical synthesis interpretation and modern general equilibrium theory, the "fixed price" model literature, the rational expectations school and the Neo-Ricardians. Connections are made with Keynesian concerns throughout, but the author also attempts to characterize the approaches of the last two groups in general terms. In particular, the author focuses on the distinction between convergent and divergent expectations, and between what Keynes called a co-operative economy and an entrepreneur economy. This work should interest second and third-year undergraduates, graduate students and professional economists.