Bøker av Franklin M. (Massachusetts Institute of Technology) Fisher

This book, the fourth volume of Franklin M. Fisher's collected articles, contains work in microeconomics stretching over four decades.

The most common mode of analysis in economic theory is to assume equilibrium. Yet, without a proper theory of how economies behave in disequilibrium, there is no foundation for such a practice. In this 1984 book, a review of the existing literature on the stability of general equilibrium is followed by the proposal of a more satisfactory general model for analysis.

This work on index-number construction focuses on production indexes, including output and input deflators that can be used for constructing real output and real input.