General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory Colors along with hand-drawn illustrations and

along with hand-drawn illustrations and 19th century engravings

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ISBN13: 9780070304345 ISBN10: 0070304343 Material Type: hardcover

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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory Colors along with hand-drawn illustrations andThis book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn Tucker approach to general equilibrium, the Arrow Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and