Disequilibrium Foundations of Equilibrium Economics

Explore the groundbreaking insights of Franklin M. Fisher in Disequilibrium Foundations of Equilibrium Economics, published by Cambridge University Press in 1989. This essential work spans 252 pages and delves into the complexities of economic theory, challenging the traditional reliance on equilibrium assumptions. Fisher provides a comprehensive review of existing literature on the stability of general equilibrium, highlighting the critical need for a robust understanding of how economies function in disequilibrium. He proposes a more satisfactory general model for analysis, paving the way for innovative approaches in the fields of econometrics and economic history. Ideal for students, scholars, and professionals in business and economics, this book is a must-have for anyone looking to deepen their understanding of macroeconomic principles. Dive into this thought-provoking text and discover the foundations that underpin modern economic analysis.