The Two Sector Model of General Equilibrium is popular PDF and ePub book, written by Harry G. Johnson in 2021-07-29, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Two Sector Model of General Equilibrium can be Read Online from any device for your convenience.
The Two Sector Model of General Equilibrium Book PDF Summary
Originally published in 1971, this book presents in a lucid form the basic model of distribution in a two-sector general equilibrium system. While this model has been used by many economists, this was the first synoptic exposition of it to become readily available to students. The first part develops the two-sector model and its properties, using the geometrical tools of international trade theory. The second applies the model to some standard problems in the theory of income distribution, including the economics of redistributive taxes and subsidies, of trade union organization, and of minimum wage laws. The third part converts the model into a growth model and develops the conditions for convergence on a steady-state growth path and for the maximization of consumption per head at all points of time.
Detail Book of The Two Sector Model of General Equilibrium PDF
- Author : Harry G. Johnson
- Release : 29 July 2021
- Publisher : Routledge
- ISBN : 9781000421248
- Genre : Business & Economics
- Total Page : 122 pages
- Language : English
- PDF File Size : 17,6 Mb
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