Comparative Statics and Equilibrium

John Weeks
Additional contact information
John Weeks: Middlebury College

Chapter 3 in A Critique of Neoclassical Macroeconomics, 1989, pp 36-49 from Palgrave Macmillan

Abstract: Abstract In the previous chapters a simple definition of ‘equilibrium’ was used — markets were in equilibrium if there was neither unsatisfied demand nor unsold supply. In anticipation of the introduction of money into the analysis, a more precise definition is required. For the rest of this book, the following definition will be used: A market or set of markets is in equilibrium if the agents participating in that (or those) market(s) have no cause to to alter their plans (how much they desire to buy and sell).

Keywords: Labour Market; General Equilibrium; Demand Curve; Excess Demand; Market Clearing (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20296-6_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349202966

DOI: 10.1007/978-1-349-20296-6_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().