How Long to Read Exploring General Equilibrium

How Long Does it Take to Read Exploring General Equilibrium?

It takes the average reader 6 hours and 2 minutes to read Exploring General Equilibrium by Fischer S. Black

Assuming a reading speed of 250 words per minute. Learn more

Description

An incisive, unconventional assessment of general equilibrium theory; with a previously unpublished paper. Fischer Black is known for his brilliance as well as his sometimes controversial opinions. Highly respected for his scholarly writings in finance, he now moves into different territory with this incisive, unconventional assessment of general equilibrium theory and what that theory reveals about business cycles, growth, and labor economics. The general equilibrium approach, Black asserts, can be used to explain most of the economy's behavior. It can explain business cycles and growth without using sticky prices, irrationality, economies of scale, or imperfect competition. It can explain the volatility of consumption, output, sales, investment, and inventories with axiomatic utility and constant-returns-to-scale production. It can explain temporary layoffs, job changes with and without intervening unemployment, and the behavior of vacancies. It can explain lower wages in part-time jobs, wages that increase rapidly with time on the job, and the forces that cause migration from poor to rich countries. Although the general equilibrium approach can't be tested in conventional ways, it can be used to generate examples that explain stylized facts—generalized observations from the real world—that have preoccupied macroeconomists for the last decade. Black contrasts his interpretation of these facts with conventional interpretations. Finally, he reviews a substantial body of literature on these topics.

How long is Exploring General Equilibrium?

Exploring General Equilibrium by Fischer S. Black is 361 pages long, and a total of 90,611 words.

This makes it 122% the length of the average book. It also has 111% more words than the average book.

How Long Does it Take to Read Exploring General Equilibrium Aloud?

The average oral reading speed is 183 words per minute. This means it takes 8 hours and 15 minutes to read Exploring General Equilibrium aloud.

What Reading Level is Exploring General Equilibrium?

Exploring General Equilibrium is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Exploring General Equilibrium?

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