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"This volume brings together some of the worlds leading economists, to focus primarily on Canadian policy issues and case study debates in honor of David Laidler. The book commemorates his success and active participation in the research and analysis of monetary policy"--Provided by publisher.

Macroeconomics. --- Economic history. --- Economic theory. --- Macroeconomics/Monetary Economics//Financial Economics. --- History of Economic Thought/Methodology. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Economic History. --- Monetary policy --- Economic policy.

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This book on Classical micro- and macroeconomics collects revised versions of papers which were written between 1983 and 2000, some jointly with coauthors, and it supplements them in a coherent way with recent unpublished work on the issues raised and treated in them. It attempts to demonstrate to the reader that themes of Classical economics, in particular in the tradition of Smith, Ricardo and Marx, can be synthesized into a coherent whole from the perspective of formal model building as well as applied Leontief-Stone Systems of National Accounts and the Input-Output approaches built on them. This reformulation of Classical economics differs significantly from the static Neoricardian formalization of the Classical approach to economics. In these days when the properly working of the market has become controversial, it is worth going back to classical economics and to study of how the classical dynamic mechanisms, for example the invisible hand in the sense of Adam Smith, were supposed to work to bring about stability, equilibrium and welfare. Having written many books and research papers on the dynamics of market economies, Peter Flaschel very competently takes on this issue in this current monograph. This book will definitely play an important role of reviving classical micro- and macroeconomic dynamics. Willi Semmler, New School University, New York This book is a must-read. It provides a comprehensive, original analysis of classical theories of prices, values, and distribution, which combines the utmost theoretical and mathematical rigour with a significant empirical orientation. Indeed, it outlines the foundations of an alternative analysis of capitalist economies and it is likely to become a classic for all scholars dissatisfied with standard approaches. Yet any open-minded economist would find that the arguments provided have the rare quality of challenging a number of long-held beliefs. Roberto Veneziani, Queen Mary University of London.

Classical school of economics. --- Macroeconomics. --- Microeconomics. --- Classical school of economics --- Microeconomics --- Macroeconomics --- Business & Economics --- Economic Theory --- Economics. --- Economic theory --- Political economy --- Classical economics --- Individualist school of economics --- Orthodox school of economics --- Economic theory. --- Macroeconomics/Monetary Economics//Financial Economics. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Schools of economics --- Social sciences --- Economic man

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Financial economics is a fascinating topic where ideas from economics, mathematics and, most recently, psychology are combined to understand financial markets. This book gives a concise introduction into this field and includes for the first time recent results from behavioral finance that help to understand many puzzles in traditional finance. The book is tailor made for master and PhD students and includes tests and exercises that enable the students to keep track of their progress. Parts of the book can also be used on a bachelor level. Researchers will find it particularly useful as a source for recent results in behavioral finance and decision theory. "By mixing rigour and humour, Hens and Rieger make learning financial economics fun. The book is nicely organized into three logical parts. Most importantly, the discussion features a smooth transition from the classical approach to the behavioural approach, helping students fill in the metaphorical jig saw puzzle representing the corpus of finance theory." Hersh Shefrin, finance professor at the Santa Clara University, USA, and author of "Beyond Greed and Fear" and "A Behavioral Approach to Asset Pricing Theory This textbook provides a modern treatment of the theory of financial economics. It stands out by fully integrating the classical and the behavioral approach in a lucent, yet rigorous way. I highly recommend it! Markus K. Brunnermeier, Princeton University Behavioral economics, decision theory and the equilibrium analysis of financial markets have largely evolved as separate parts of the landscape of modern economics: in this ambitious book the authors present a common framework for uniting these separate subfields. “Financial Economics” by Hens and Rieger is a delight to read, striking for its clarity, for the breadth of topics covered and for the wealth of well-chosen examples that illustrate the key ideas. Michael Magill Martine Quinzii University of Southern California University of California, Davis.

Electronic books. -- local. --- Finance. --- Finance --- Business & Economics --- Finance - General --- Mathematical models --- Funding --- Funds --- Economics, Mathematical. --- Economic theory. --- Macroeconomics. --- Economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Finance, general. --- Quantitative Finance. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Economics --- Currency question --- Economic theory --- Political economy --- Social sciences --- Economic man --- Mathematical models. --- Economics, Mathematical . --- Mathematical economics --- Econometrics --- Mathematics --- Methodology

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The book focuses on the dynamics of nonlinear oligopoly models. It discusses the classical Cournot model with a large variety of demand and cost functions that illustrate the many different types of possible best response functions and it shows the existence of unique and multiple equilibria. Particular emphasis is placed on the influence of nonnegativity and capacity constraints. Dynamics are introduced under various assumptions for the adjustment process. An introduction to the analysis of global dynamics is given through some specific examples. The book also considers concave and general oligopolies and gives conditions for the local asymptotic stability of their equilibria, and it investigates global dynamics in some special cases. Other oligopolies examined include market share attraction games, labor-managed oligopolies, partially cooperating firms and models with intertemporal demand attraction. Local/global stability analyses are carried out for these models and the impact of constraints is discussed. The book contains a number of technical appendices that summarize techniques of global dynamics not easily accessible elsewhere. .

Oligopolies -- Mathematical models. --- Oligopolies. --- Oligopolies --- Management --- Business & Economics --- Economic Theory --- Industrial Management --- Mathematical models --- Mathematics. --- Mathematical models. --- Math --- Game theory. --- Statistical physics. --- Dynamical systems. --- Economic theory. --- Microeconomics. --- Industrial organization. --- Economics. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Game Theory, Economics, Social and Behav. Sciences. --- Industrial Organization. --- Statistical Physics, Dynamical Systems and Complexity. --- Science

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A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories. The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research.

Economics, Mathematical -- Periodicals. --- Economics, Mathematical. --- Business & Economics --- Economic Theory --- Economics --- Mathematical models. --- Game theory. --- Economic theory. --- Economics. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Game Theory, Economics, Social and Behav. Sciences. --- Economics, Mathematical --- Mathematical economics --- Econometrics --- Mathematics --- Methodology --- Mathematics. --- Math --- Science --- Economic theory --- Political economy --- Social sciences --- Economic man --- Games, Theory of --- Theory of games --- Mathematical models