




General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
Harvard University Press, 2007 eISBN: 9780674020924  Cloth: 9780674022881 Library of Congress Classification HB145.B49 2007 Dewey Decimal Classification 339.5
ABOUT THIS BOOK  TOC
ABOUT THIS BOOK
This book presents an original exposition of general equilibrium theory for advanced undergraduate and graduatelevel students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the KuhnTucker approach to general equilibrium, the ArrowDebreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a unified approach to portions of macro as well as microeconomic theory. The book contains problems sets for most chapters. See other books on: Econometric models  Economic development  Equilibrium (Economics)  Mathematical models  Textbooks See other titles from Harvard University Press 
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