This book brings together in a single coherent framework a research
programme begun by the author in the forties. The main model around
which the analysis is built is Hicksian in character, having been
drawn in large part from John Hicks's Value and Capital. The model
is extended so as to include money and securities. In respect of
the theory of the firm the model focuses on demand and supply
plans, on inputs and outputs, on inventories, and on dependencies
between them. The stability of temporary equilibrium is discussed
for linear and non-linear cases. Because the concept of structural
stability is important for understanding non-linear cases, it is
defined and applied to the case of economic motion generated from
the temporary equilibrium analysis. The addenda focus on
developments in economic theory following the publication of the
main model.
General
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