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Paperback Full Industry Equilibrium Book

ISBN: 1107483832

ISBN13: 9781107483835

Full Industry Equilibrium

This highly original book develops a systematic zero-net-profit comparative statics theory of the firm that challenges many widely held views in microeconomics. It builds a bridge between the marginalist long-run theory of the firm and Sraffian theory to create a unified theoretical framework that explains how firms react to exogenous shocks resulting in new equilibrium positions of the whole economy. The central message of the book is that too often...

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Business Business & Investing

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