Exploring general equilibrium / Fischer Black.

The general equilibrium approach, Black asserts, can be used to explain most of the economy's behavior. It can explain business cycles and growth without using sticky prices, irrationality, economies of scale, or imperfect competition. It can explain the volatility of consumption, output, sales...

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Bibliographic Details

Online Access:	Full Text (via EBSCO)
Main Author:	Black, Fischer, 1938-
Format:	eBook
Language:	English
Published:	Cambridge, Mass. : MIT Press, ©1995.
Subjects:	Equilibrium (Economics) Business cycles.