The Two-Sector Model of General Equilibrium (Hardcover)

Originally published in 1971, this book presents in a lucid form the basic model of distribution in a two-sector general equilibrium system. While this model has been used by many economists, this was the first synoptic exposition of it to become readily available to students. The first part develops the two-sector model and its properties, using the geometrical tools of international trade theory. The second applies the model to some standard problems in the theory of income distribution, including the economics of redistributive taxes and subsidies, of trade union organization, and of minimum wage laws. The third part converts the model into a growth model and develops the conditions for convergence on a steady-state growth path and for the maximization of consumption per head at all points of time.

General

Imprint:	Taylor & Francis
Country of origin:	United Kingdom
Series:	Harry G. Johnson on Trade Strategy & Economic Policy
Release date:	July 2021
First published:	1971
Authors:	Harry G Johnson
Dimensions:	234 x 156mm (L x W)
Format:	Hardcover
Pages:	116
ISBN-13:	978-1-03-205003-4
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Macroeconomics > General
LSN:	1-03-205003-9
Barcode:	9781032050034

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!