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Out of Equilibrium
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Out of Equilibrium

Mario Amendola and Jean-Luc Gaffard

Abstract

This book moves from the consideration that the dominant equilibrium theory is not suited to deal properly with economic changes like innovation and growth, which are, in the nature of structural changes, taking place through processes in real time. It proposes an alternative out‐of‐equilibrium analytical framework that requires a reconstruction of the basic analytical blocks of an economic paradigm. These building blocks (production, money, the human resource, and the market) are analysed in the first part of the book. This makes it possible to look at economic change as a process sketched ou ... More

Keywords: coordination, equilibrium, Out of equilibrium, Sequential process, structural change, viability

Bibliographic Information

Print publication date: 1998 Print ISBN-13: 9780198293804
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0198293801.001.0001

Authors

Affiliations are at time of print publication.

Mario Amendola, author
University of Rome `La Sapienza'
Author Webpage

Jean-Luc Gaffard, author
University of Nice, Sophia Antipolis

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