Accounting and its Relationship to General Equilibrium Theory

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...

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Bibliographic Details
Main Author: Shubik, M. (Author)
Format: Article
Language:English
Published: De Gruyter 2019
Subjects:
Online Access:View Fulltext in Publisher
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008 220511s2019 CNT 000 0 und d
020 |a 21522820 (ISSN) 
245 1 0 |a Accounting and its Relationship to General Equilibrium Theory 
260 0 |b De Gruyter  |c 2019 
856 |z View Fulltext in Publisher  |u https://doi.org/10.1515/ael-2018-0054 
520 3 |a 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. © 2019 Walter de Gruyter GmbH, Berlin/Boston. 
650 0 4 |a general equilibrium 
650 0 4 |a macroeconomics 
650 0 4 |a microeconomics 
700 1 |a Shubik, M.  |e author 
773 |t Accounting, Economics and Law: A Convivium