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Intertemporal Equilibrium and Efficiency

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General Equilibrium

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Abstract

People, corporations and governments take decisions for the future. What kind of consistency exists between these decisions? What role does the price system play in this respect? Is the resulting evolution efficient? How can economic organization be improved in order to permit a more satisfactory growth?

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Authors

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John Eatwell Murray Milgate Peter Newman

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© 1989 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Malinvaud, E. (1989). Intertemporal Equilibrium and Efficiency. In: Eatwell, J., Milgate, M., Newman, P. (eds) General Equilibrium. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19802-3_19

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