The concept of equilibrium in economics

IF 0.2 0 ART
N. Njegovan
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Abstract

Equilibrium models play a central role in modern (micro)economic analysis. They form the basis of almost all our understanding in economics and are increasingly being used in other fields of social science. Yet there are numerous limitations to the equilibrium approach. To name a few: the treatment of time, i.e., the problem of distinguishing between ?time in models? and ?models in time?; learning process, i.e., the problem of knowledge necessary to attain the equilibrium; equilibrium dynamics, i.e. considering the equilibrium attainment process and not just the equilibrium state. Many critics already drew attention to the reach and limitations of the ?engineering approach? in economic science. It seems that the ?voice of reason? has never been loud enough. This paper presents a review of the above-mentioned problems.
经济学中的均衡概念
均衡模型在现代(微观)经济分析中起着核心作用。它们构成了我们几乎所有经济学理解的基础,并越来越多地用于社会科学的其他领域。然而,均衡方法有许多局限性。仅举几个例子:时间的处理,即,在模型中区分时间的问题?并及时建立模型;学习过程,即达到均衡所需的知识问题;平衡动力学,即考虑达到平衡的过程,而不仅仅是平衡状态。许多评论家已经提请注意“工程方法”的范围和局限性。在经济科学方面。似乎理性的声音?从来都不够吵。本文就上述问题作一综述。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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