Bøker av Jean-Michel (Centre d'Etudes Prospectives d'Economie Mathematique Appliquees a la Planification) Grandmont

This book addresses one of the major theoretical issues that underlies, implicitly or explicitly, some recurrent controversies in macroeconomics - namely, whether a competitive monetary economy has built-in mechanisms that are strong enough to remove excess demands and supplies on all markets, through an automatic adjustment of the price system.