Disequilibrium Dynamics: A Theoretical Analysis of Inflation and Unemployment

Disequilibrium Dynamics: A Theoretical Analysis of Inflation and Unemployment

Disequilibrium Dynamics: A Theoretical Analysis of Inflation and Unemployment
by Katsuhito Iwai

Publisher: Yale University Press 1981
ISBN/ASIN: 0300025564
ISBN-13: 9780300025569
Number of pages: 334

Description:
The current crisis in economics compels certain of its basic assumptions to be reexamined critically. The focus of the book is the central assumption of the orthodox theory that prices and wages are determined in perfectly competitive markets by the impersonal force of the law of demand and supply.

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