Economics, Econometrics and Finance
4 years ago

Static equilibrium model excludes integration of money and value theory.

Books
Money and General Equilibrium Theory
Pascal Bridel

Paper Summary

The book "Money and General Equilibrium Theory" examines how early economists tried to connect money with general equilibrium theory. It shows that the original model of general equilibrium doesn't allow for the integration of money and value theory.

Related papers

Economics, Econometrics and Finance
8 years ago

Keynesian Economics Challenges General Equilibrium Theory, Reveals Critical Gaps

Monetary Models
Macroeconomic Trends
Economic Institutions
2 views
Economics, Econometrics and Finance
4 years ago

New theory challenges traditional economics, reveals long-run unemployment equilibrium.

Macroeconomic Trends
Political Economy
Economic Institutions
Economics, Econometrics and Finance
4 years ago

Unveiling the hidden stability behind consumer choice theory revolutionizes economics!

Economic Institutions
Monetary Models
Behavioral Economics