Economic Theory - General & Miscellaneous, Economic Theory - Equilibrium, Investing - Savings, Macroeconomics - General & Miscellaneous

Out of Equilibrium

Name: Out of Equilibrium
Author: Mario Amendola
ISBN: 9780198293804

by Mario Amendola, Jean-Luc Gaffard

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Overview

Out of Equilibrium provides a new method for understanding the nature of the disequilibria which characterize industrial advanced economies and often result in high levels of unemployment. Amendola and Gaffard develop an alternative theory that concentrates on the crucial role of coordination issues in relation to the process of capital accumulation which determines the evolution of the economy in the out of equilibrium processes stirred by different types of shock over time.

Synopsis

Out of Equilibrium provides a new method for understanding the nature of the disequilibria which characterize industrial advanced economies and often result in high levels of unemployment. Amendola and Gaffard develop an alternative theory that concentrates on the crucial role of coordination issues in relation to the process of capital accumulation which determines the evolution of the economy in the out of equilibrium processes stirred by different types of shock over time.

About the Author, Mario Amendola

Mario Amendola is Professor of Economics at the University of Rome 'La Sapienza' and Chairman of the Scientific Committee of the Momigliano Institute for the Culture and History of the Firm (ICSIM). He is a former Director of the Department of Economic Sciences of the University of Rome 'La Sapienza'.

Jean Luc Gaffard is Professor of Economics at the University of Nice, Sophia Antipolis. He is a Member of the 'Conseil Superieur de l'Emploi, des Revenues et des Coûts' and Director of the Institut de Droit et d'Economie de la Firme et de l'Industrie (IDEFI), the research unit of the CNRS and the University of Nice, Sophia Antipolis.