General equilibrium analysis;: A micro-economic text

Business & Money

Krauss, Melvyn B.

Economics

Allen& Unwin

This is a new kind of textbook in microeconomic theory. In place of the usual concentration on partial equilibrium analysis and discussion of a standard series of topics, the authors seek to introduce the student from the start to the general equilibrium approach to microeconomics, in the form of the two-sector model. This model is then applied to a variety of subjects in different special fields of economic analysis: welfare economics, international trade, public finance and income distribution. This book represents a very different approach to the teaching of micro-economic theory than normally followed, and one that will be of greater long-run value to the serious student of economics. In place of the usual textbook development of the subject as traditionally conceived through topics of increasing complexity and analytical difficulty, using partial equilibrium techniques of analysis, the book concentrates on the exposition and application of a more logically integrated set of tools that have been found of greater use in the analysis of problems arising not only in traditional micro-economics but also in a number of fields of economics that have customarily been hived off into separate specialized advanced courses. General Equilibrium Analysis starts with the description of the two-sector model and how these two sectors are built based on the individual micro-units in which they made up of and how they fit into the concept of the circular flow of income. Subsequent chapters deal with the evaluation of changes in factor endowment, demand preferences and technical progress by means of the model; and the theory of government, which includes both the theory of government expenditure, or public goods, and the theory of government tax and/or subsidy programmes-changes in budgetary scale, tax substitution and expenditure substitution. The model is then extended to an open economy-the so-called "two by two by two"--to consider both the normative effect of international trade and the possible determinants of international trade, with special attention being given to the relationship between commodity trade and factor mobility. Lastly this model is opened into a dynamic model of growth with its emphasis on requirements for the economy to maximize consumption per head on its long-run equilibrium growth path, and the effect of international trade on the growth path itself.

Development Without Aid: Growth, Poverty, and Government

International

New Press

General equilibrium analysis: A micro-economic text

Aldine Pub. Co.

Krauss, Melvyn, How Nato Weakens The West

How NATO Weakens the West

Engineering & Transportation

Engineering

Simon & Schuster Books

The New Protectionism

New York University Press

A survey of the drug policy debate, Searching for Alternatives features essays by thirty respected champions of divergent views. This volume presents new and important empirical data; incorporates arguments from historical, sociological, legal, medical, economic, and international perspectives; and examines both the effectiveness of existing laws and the likely ramifications of decriminalization proposals.

Searching for Alternatives: Drug-Control Policy in the United States (Hoover Institution Press Publication) (Volume 406)

Lazear, Edward P.

Criminal Law

Hoover Institution Press

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Books by Krauss, Melvyn B.