Dynamic economic theory
By: Michio Morishima
Edition: Paperback
Publisher: Cambridge University Press
Published: 2009
Place of publication: Cambridge
Language: eng
Number of pages: 317
ISBN-13: 9780521118880
Subjects: Equilibrium (Economics); Statics and dynamics (Social sciences)
Work titles: Do gakuteki keizai riron
Description: This book brings together in a single coherent framework a research programme begun by the author over 40 years ago. The main model around which the analysis is built is Hicksian in character having been drawn in large part from John Hicks 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 the 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.
Notes: Originally published: 1996.

Translation of the author's thesis published in To kyo  by Ko bundo , 1950. English translation originally published: London : International Centre for Economics and Related Disciplines, 1980. With new chapters added.

Includes bibliographical references (p. 301-306) and index.