Exploring general equilibrium
Fischer Black
Reading Time
at 250 WPM5h 18m
The average reader, reading at a speed of 250 WPM, would take 5h 18m to read Exploring general equilibrium.
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11
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318
total minutes
Exploring general equilibrium
Published
1995
Publisher
MIT Press
Pages
318
ISBN-10
0262023822
Description
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, investment, and inventories with axiomatic utility and constant-returns-to-scale production. It can explain temporary layoffs, job changes with and without intervening unemployment, and the behavior of vacancies. It can explain lower wages in part-time jobs, wages that increase rapidly with time on the job, and the forces that cause migration from poor to rich countries. Although the general equilibrium approach cannot be tested in conventional ways, it can be used to generate examples that explain stylized facts - generalized observations from the real world - that have preoccupied macroeconomists for the last decade. Black contrasts his interpretation of these facts with conventional views. Finally, he reviews a substantial body of literature on these topics.
Subjects
The great crash, 1929
Manias, panics, and crashes
The theory of business enterprise 1904
This time is different
The design of experiments
A short history of financial euphoria
Frequently Asked Questions
How many pages are in Exploring general equilibrium?
This edition of Exploring general equilibrium has approximately 318 pages. Please note, this is an estimate and the exact page count can vary between hardcover, paperback, and e-book versions.
How long does it take to read Exploring general equilibrium?
For most readers, Exploring general equilibrium typically takes between 6h 38m and 4h 25m to complete. This is based on the book's length of approximately 79,500 words and common reading speeds.
Here's a detailed breakdown: • Continuous reading at 250 WPM: approximately 5h 18m of focused reading • Casual reading (30 minutes/day): you could finish in roughly 11 days • Estimated word count: 79,500 words
Your individual reading time will vary based on your personal reading pace, the amount of daily reading time, and your familiarity with the subject matter.
What is the word count of Exploring general equilibrium?
The estimated word count for Exploring general equilibrium is approximately 79,500 words. This figure is calculated using industry-standard methods that consider genre-specific word density patterns, typical formatting and layout characteristics, and standard words-per-page ratios for published books.
This is an approximation — actual word count may vary based on font size, formatting, edition, and the presence of illustrations or charts.
Who is the author of Exploring general equilibrium?
Exploring general equilibrium was written by Fischer Black.
When was Exploring general equilibrium published?
The publication date for this specific edition is 1995. The original work may have been published on a different date.