Conclusions

Abstract

In Part I of this monograph the fundamentals for the subsequent formal and economic analysis have been laid. This was done by introducing and analyzing nine models of general equilibrium, which we have called ‘basic models’, or ‘basic set-ups’. Some of them have been adopted from the literature (Chapters 4 and 6), while the others are new (Chapters 5 and 7). Thus the basic models have not been introduced as an end in themselves, but as basic set-ups for constructing the main subject of investigation, i.e., evolutions. All nine types of evolutions of economies have been constructed on the same formal principle as continuous one-parametrizations, or say one-parameter families, of economies. It has been emphasized that in the study any successions of states that satisfy our assumptions, not only evolutions of an economic system ongoing over historical time, have been admitted.