A dynamic, out-of-equilibrium model of aggregate demand and supply is specified. The existence of, and convergence to, a macroeconomic equilibrium is derived, and the existence of a supporting revealed social utility function is established. Empirical estimates for three recent historical 'eras'...

Existence theory in economics is usually in real domains such as the findings of chaotic trajectories in models of economic growth, tâtonnement, or overlapping generations models. Computational examples, however, sometimes converge rapidly to cyclic orbits when in theory they should be...

This is the second volume in the comprehensive three-volume work A Survey ofAgricultural Economics Literature, published for the American AgriculturalEconomics Association. The general editor, Lee R. Martin, was a professor ofagricultural economics at the University of Minnesota. The work will...