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...

• Format: Paperback
• Language: English
• ISBN: 1107483832
• ISBN13: 9781107483835
• Release Date: January 2020
• Publisher: Cambridge University Press
• Length: 231 Pages
• Weight: 0.77 lbs.
• Dimensions: 0.4" x 6.0" x 9.0"