Stationary Economy
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A01=J. E. Meade
Author_J. E. Meade
Budget Constraint Line
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Central Authority
comparative statics
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Equilibrium Point
Excess Supply
foundational economic systems analysis
Highest Attainable Indifference Curve
Highest Indifference Curve
Income Elasticity
Indifference Curve
J. E. Meade
Kinked Line
Line AB
Marginal Product
Market Price Line
methodological individualism
microeconomic theory
Money Income
Money National Income
Money Price
Money Wage Rate
Mr A
Output Combination
Perfect Potential Competition
Price Consumption Curve
Price Elasticity
Price Line
Production Possibility Curve
resource allocation models
static equilibrium analysis
Total Money Income
Vice Versa
welfare economics
Product details
- ISBN 9781138524712
- Weight: 453g
- Dimensions: 152 x 229mm
- Publication Date: 15 Nov 2017
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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J. E. Meade is among the most distinguished of contemporary economists, noted for his contributions to economic theory and policy. This volume presents a series of models of economic systems, each built on greatly simplified assumptions about human motives, technology, and social institutions, and undertakes in each case a series of exercises to examine the links of causal relationship in each case.This systematic treatment of the whole field of economic analysis on these lines is a rigorous and elegant non-mathematical statement of the basic principles and problems of contemporary economic theory. The volume is based on models of systems in which there are no capital goods, and in which consumer's tastes, technical knowledge, and the size and composition of the population are static.This sophisticated restatement of the fundamentals of economic theory also deals with the basic methodological problems of economic analysis. Given the complexity of variables inherent in all economic systems, how is the economist to proceed in dealing with a particular set of interrelated problems? And further, how can the economist be confident that the verdict is more likely to be right than wrong? Meade considers these and other questions in a book important not only to professional economists and their students, but also to those more generally interested in economic policy.
