Time in Economic Theory

Edited by Stefano Zamagni, Professor of Economics, University of Bologna and Johns Hopkins University, Bologna Center, Italy and Elettra Agliardi, Professor of Economics, University of Bologna, Italy

Contents: Volume I Acknowledgements Introduction Stefano Zamagni and Elettra Agliardi PART I METHODOLOGICAL ISSUES ON TIME IN ECONOMICS 1. Randall Bausor (1983), 'Time and the Structure of Economic Analysis' 2. Fernando Carvalho (1984), 'On the Concept of Time in Shacklean and Sraffian Economics' 3. M. Dummett (1986), 'Causal Loops' 4. N. Georgescu-Roegen (1971), 'Instants of Time and Duration', 'Hysteresis and History', 'Time and "Time"', 'Stocks and Flows', 'Funds and Services', and 'Entropy and Economic Value' 5. Nicholas Georgescu-Roegen (1985), 'Time and Value in Economics and in Gossen's System' 6. Derek Parfit (1984), 'Different Attitudes to Time' 7. F.P. Ramsey (1928), 'A Mathematical Theory of Saving' 8. Paul A. Samuelson (1944), 'The Relation Between Hicksian Stability and True Dynamic Stability' 9. G.L.S. Shackle (1958), 'The Complex Concept of Economic Time' 10. G.L.S. Shackle (1976), 'Time and Choice' 11. Stephen Smale ([1977] 1980), 'Some Dynamical Questions in Mathematical Economics' 12. Gordon C. Winston (1982), 'Economic Events in Time' 13. Gordon C. Winston (1988), 'Three Problems with the Treatment of Time in Economics: Perspectives, Repetitiveness, and Time Units' 14. Stefano Zamagni (1984), 'Ricardo and Hayek Effects in a Fixwage Model of Traverse' PART II TIME AND EQUILIBRIUM 15. Randall Bausor (1986), 'Time and Equilibrium' 16. Jean-Pierre Danthine (1978), 'Information, Futures Prices, and Stabilizing Speculation' 17. Gerard Fuchs and Guy Laroque (1976), 'Dynamics of Temporary Equilibria and Expectations' 18. Jean Michel Grandmont (1977), 'Temporary General Equilibrium Theory' 19. Jean-Michel Grandmont (1985), 'On Endogenous Competitive Business Cycles' 20. Jerry R. Green (1973), 'Temporary General Equilibrium in a Sequential Trading Model with Spot and Futures Transactions' 21. Sanford J. Grossman (1977), 'The Existence of Futures Markets, Noisy Rational Expectations and Informational Externalities' 22. Frank H. Hahn and Takashi Negishi (1962), 'A Theorem on Non-Tatonnement Stability' 23. Frank Hahn ([1989] 1990), 'Information Dynamics and Equilibrium' 24. Roy Radner (1972), 'Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets' 25. Stephen Smale (1976), 'Dynamics in General Equilibrium Theory' Name Index Volume II Acknowledgements An introduction by the editors to all three volumes appears in Volume I PART I TIME AND IRREVERSIBILITY 1. Olivier J. Blanchard and Lawrence H. Summers (1986), 'Hysteresis and the European Unemployment Problem' 2. Christophe Chamley and Douglas Gale (1994), 'Information Revelation and Strategic Delay in a Model of Investment' 3. Avinash Dixit (1992), 'Investment and Hysteresis' 4. Nicholas Georgescu-Roegen (1975), 'Bio-Economic Aspects of Entropy' 5. Donald W. Katzner (2000), 'Economics and the Principle of Uniformity' 6. Robert S. Pindyck (1991), 'Irreversibility, Uncertainty, and Investment' 7. Jennifer F. Reinganum (1981), 'Market Structure and the Diffusion of New Technology' 8. Joan Robinson (1974), 'History Versus Equilibrium' PART II TIME AND COMPLEX SYSTEMS 9. W. Brian Arthur (1988), 'Self-Reinforcing Mechanisms in Economics' 10. Lawrence Blume and David Easley (1992), 'Evolution and Market Behavior' 11. William A. Brock (1991), 'Understanding Macroeconomic Time Series Using Complex Systems Theory' 12. Paul A. David (1994), 'Why are Institutions the 'Carriers of History'?: Path Dependence and the Evolution of Conventions, Organizations and Institutions' 13. Steven N. Durlauf (1993), 'Nonergodic Economic Growth' 14. Hans Foellmer (1974), 'Random Economies with Many Interacting Agents' 15. John Foster (1997), 'The Analytical Foundations of Evolutionary Economics: From Biological Analogy to Economic Self-Organization' 16. Nicholas Georgescu-Roegen (1977), 'What Thermodynamics and Biology can Teach Economists' 17. Douglass C. North (1994), 'Economic Performance Through Time' 18. Michael Woodford (1989), 'Imperfect