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Business cycles --- -Equilibrium (Economics) --- 338.542015195 --- Disequilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- Economics --- Stagnation (Economics) --- Statics and dynamics (Social sciences) --- Economic cycles --- Economic fluctuations --- Cycles --- Financial crises --- Econometric models --- Business cycles -- Econometric models. --- Equilibrium (Economics). --- Equilibrium (Economics) --- Business & Economics --- Economic Theory --- Econometric models. --- DGE (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- SDGE (Economic theory)

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Influential neoclassical economist Lionel McKenzie has made major contributions to postwar economic thought in the fields of equilibrium, trade, and capital accumulation. This selection of his papers traces the development of his thinking in these three crucial areas.McKenzie's early academic life took him to Duke, Princeton, Oxford, the University of Chicago, and the Cowles Commission. In 1957, he went to the University of Rochester to head the economics department there, and he remains at Rochester, now Wilson Professor Emeritus of Economics. McKenzie's most significant research was undertaken during a period that saw the development of the major themes of neoclassical economics and the use of fundamental mathematical methods to do so. McKenzie contributed to both aspects of this research program. He helped shape the direction of the field and, at Rochester, influenced generations of future scholars. In 2002, The MIT Press published McKenzie's Classical General Equilibrium Theory, a detailed summary of the model and methodology. This book, collecting his most important papers in the form in which they were originally published, can be seen as a companion to that one. The many state-of-the-art results achieved in McKenzie's original papers present sophisticated theoretical work that will continue to be important to future developments in the discipline.

Economics, Mathematical. --- Equilibrium (Economics) --- Economic development. --- ECONOMICS/Trade & Development --- Economic schools --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Mathematical economics --- Econometrics --- Mathematics --- Methodology

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This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue if China's relative presence continues to rise in the regional trade.

Finance --- Business & Economics --- Money --- Monetary policy --- Currency --- Monetary question --- Money, Primitive --- Specie --- Standard of value --- Exchange --- Value --- Banks and banking --- Coinage --- Currency question --- Gold --- Silver --- Silver question --- Wealth --- Econometrics --- Exports and Imports --- Money and Monetary Policy --- Trade: General --- Economic Integration --- Financial Aspects of Economic Integration --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Trade Policy --- International Trade Organizations --- Computable and Other Applied General Equilibrium Models --- International economics --- Monetary economics --- Econometrics & economic statistics --- Monetary unions --- Currencies --- Plurilateral trade --- Regional trade --- General equilibrium models --- Economic integration --- International trade --- Econometric analysis --- Econometric models --- Japan

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Pareto's Manual of Political Economy, first published in 1905, introduced the analytical approach which has characterised a significant part of twentieth century economic theory. In particular, the Manual examined the ordinal representation of the individual choice, the issue of the general economic equilibrium and the Pareto optimality criterion for evaluating economic efficiency. The Manual also contained analyses of production, non-linear prices, non-competitive markets and the competition process, which have not yet been fully developed in modern mainstream economics.Based

Economic schools --- Pareto, Vilfredo F.D. --- Economics - Italy - History - 19th century --- Equilibrium (Economics) --- Income distribution --- Neoclassical school of economics --- Pareto, Vilfredo, - 1848-1923 --- Economics --- Income distribution. --- Neoclassical school of economics. --- Cambridge school of economics --- Marshallian economics --- Classical school of economics --- Schools of economics --- Distribution of income --- Income inequality --- Inequality of income --- Distribution (Economic theory) --- Disposable income --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Statics and dynamics (Social sciences) --- Economic theory --- Political economy --- Social sciences --- Economic man --- History --- Pareto, Vilfredo,