Famous figures and diagrams in economics / edited by Mark Blaug, P.J. Lloyd.

Format:

Book

Contributor:

Blaug, Mark.

Lloyd, P. J.

Language:

English

Subjects (All):

Economics--Abbreviations.

Economics.

Economics--Terminology.

Mathematical notation.

Physical Description:

1 online resource (488 p.)

Place of Publication:

Cheltenham, U.K. ; Northampton, Mass. : Edward Elgar, 2010.

Language Note:

English

Summary:

This is a unique account of the role played by 58 figures and diagrams commonly used in economic theory. These cover a large part of mainstream economic analysis, both microeconomics and macroeconomics and also general equilibrium theory. The authoritative contributors have produced a well-considered and definitive selection including some from empirical research such as the Phillips curve, the Kuznets curve and the Lorenz curve. Almost all of them are still found in contemporary textbooks and research. Each entry presents an accurate and concise record of the history of the figure or diagram,

Contents:

Cover; Copyright; Contents; Figures; Contributors; Acknowledgements; Introduction; PART I Single market analysis (partial equilibrium); Basic tools of demand and supply curve analysis; 1. Marshallian cross diagrams; 2. The stability of equilibrium; 3. Indiff erence curves and isoquants; 4. The elasticity of substitution; 5. Substitution and income effects; 6. Engel curves; 7. Homothetic production and utility functions; 8. Long-run and short-run cost curves; 9. The product exhaustion theorem; 10. Classifi cation of technical change; 11. Nash equilibrium; Welfare economics

12. Consumer surplus13. The Harberger triangle; 14. Community indifference curves and the Scitovsky 'paradox'; 15. The taxation of external costs; 16. Monopoly and price discrimination; 17. Duopoly reaction curves; 18. Monopolistic competition; 19. Kinked demand curves; Special markets and topics; 20. Backward-bending labour supply curves; 21. Location theory: the contributionsof von Thu ̈nen and Lösch; 22. Hotelling's model of spatial competition; 23. Cobweb diagrams; 24. Reswitching and reversing incapital theory; 25. The Markowitz mean-variance diagram; 26. Rent-seeking diagrams

27. The logistic growth curve28. Graph theory and networks; PART II General equilibrium analysis; Basic tools of general equilibrium analysis; 29. Circular flow diagrams; 30. The unit simplex; 31. The Edgeworth box; 32. The role of numbers in competition; 33. Production possibilities frontiers; 34. The utility-possibility frontier; 35. The factor price frontier; 36. Pareto effi ciency; 37. The phase diagram technique for analyzing the stability of multiple-market equilibrium; 38. The theory of second best and third best; Open economies; 39. The offer curve; 40. The Stolper-Samuelson box

41. The Lerner diagram42. The trade theory diagram; 43. The four-quadrant diagram for the two- sector Heckscher-Ohlin model; 44. The integrated world equilibrium diagram; 45. The optimal tariff; PART III Macroeconomics; Macroeconomic analysis and stabilisation; 46. Keynesian income determination diagrams; 47. The IS-LM diagram; 48. The Fleming-Mundell diagram; 49. The aggregate demand aggregate supply diagram; 50. The Phillips curve; 51. The UV or Beveridge curve; 52. The demand curve for money; 53. Non-neutrality of money; 54. The Laffer curve; Growth, income distribution and other topics

55. Intertemporal utility maximization - the Fisher diagram56. The diagrams of the Solow- Swan growth model; 57. The Lorenz curve; 58. Kuznets curve; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-282-88992-3

9786612889929

1-84980-646-2

OCLC:

688617600