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Equilibrium in Economic Theory

Summary:
Everything you may have wanted to know about equilibrium in economics.Post Keynesianism generally dismisses the neoclassical assumption of equilibrium in economic theory, but these posts serve to clarify the concept and the debate around it. David Glasner explores the history, while Jason Smith comments on the concept for the POV of physics and explains it in terms of information equilibrium.Uneasy MoneyOn Equilibrium in Economic Theory David Glasner | Economist at the Federal Trade Commission Information Transfer EconomicsAn agnostic equilibrium Jason SmithSee alsoThe Undercover HistorianWhat is the cost of ‘tractable’ economic models? Beatrice

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Everything you may have wanted to know about equilibrium in economics.

Post Keynesianism generally dismisses the neoclassical assumption of equilibrium in economic theory, but these posts serve to clarify the concept and the debate around it. David Glasner explores the history, while Jason Smith comments on the concept for the POV of physics and explains it in terms of information equilibrium.

Uneasy Money
On Equilibrium in Economic Theory
David Glasner | Economist at the Federal Trade Commission


Information Transfer Economics
An agnostic equilibrium
Jason Smith

See also

The Undercover Historian
What is the cost of ‘tractable’ economic models?
Beatrice

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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