Exploring General Equilibrium
An incisive, unconventional assessment of general equilibrium theory; with a previously unpublished paper.Fischer Black is known for his brilliance as well as his sometimes controversial opinions. Highly respected for his scholarly writings in finance, he now moves into different territory with this incisive, unconventional assessment of general equilibrium theory and what that theory reveals about business cycles, growth, and labor economics. The general equilibrium approach, Black asserts, can be used to explain most of the economy's behavior. It can explain business cycles and growth without using sticky prices, irrationality, economies of…
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Produktdetails
Weitere Autoren: Glaeser, Edward L.
- ISBN: 978-0-262-51409-5
- EAN: 9780262514095
- Produktnummer: 5496530
- Verlag: MIT Press
- Sprache: Englisch
- Erscheinungsjahr: 2010
- Seitenangabe: 360 S.
Über den Autor
Fischer Black (1938-1995), coauthor with Myron Scholes ofthe Black-Scholes equation on option pricing, held positionsat the University of Chicago, MIT's Sloan School of Management,and Goldman Sachs. In 1997, Scholes received the Nobel Prize in Economics for his work with Black on option pricing.
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