Lectures on the Mathematical Method in Analytical Economics
Lectures on the Mathematical Method in Analytical Economics
- ISBN 13:
9780486828039
- ISBN 10:
0486828034
- Format: Paperback
- Copyright: 11/14/2018
- Publisher: Dover Publications
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Summary
Author Jacob T. Schwartz begins his treatment with an exploration of the Leontief input-output model, which forms a general framework for subsequent material. An introductory treatment of price theory in the Leontief model is followed by an examination of the business-cycle theory, following ideas pioneered by Lloyd Metzler and John Maynard Keynes.
In the final section, Schwartz applies the teachings of previous chapters to a critique of the general equilibrium approach devised by Léon Walras as the theory of supply and demand, and he synthesizes the notions of Walras and Keynes. 1961 edition.