Accounting and its Relationship to General Equilibrium Theory

Autor:	Martin Shubik
Rok vydání:	2019
Předmět:	050208 finance General equilibrium theory business.industry 05 social sciences Economics Econometrics and Finance (miscellaneous) Disequilibrium Accounting 050201 accounting Price system 0502 economics and business Economics medicine Price formation Macro medicine.symptom business Law
Zdroj:	Accounting, Economics, and Law: A Convivium. 9
ISSN:	2152-2820 2194-6051
DOI:	10.1515/ael-2018-0054
Popis:	Accounting both for macro and microeconomic purposes deals with process and dynamics. Much of the best microeconomic theory has dealt only with statics. General equilibrium theory shows the virtues of a price system, but abstracts from price formation and all of the accounting problems which appear in disequilibrium. An approach is suggested here for reconciliation of accounting with general equilibrium. More generally, it is suggested that the importance of accounting to economic theory has been underestimated.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::9c2f89da79180da0248f26815f1466e6 https://doi.org/10.1515/ael-2018-0054 Zobrazit plný text záznamu