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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Mobility in Space and Time: Challenges to the Theory of International Economics

Mobility in Space and Time: Challenges to the Theory of International Economics

Pohl, Nicole

Paperback

Series: Contributions to Economics

EconomicsGeneral Gardening

ISBN10: 379081380X
ISBN13: 9783790813807
Publisher: Springer Nature
Published: Feb 27 2001
Pages: 235
Weight: 0.79
Height: 0.53 Width: 6.14 Depth: 9.21
Language: English
The pure theory of international economics operates within a methodological framework of (static) equilibrium modelling. This sets a number of restrictions to its capability to explain empirical economic phenomena. A huge part of the scientific discourse takes place within this equilibrium framework. This is also true for new approaches like e.g. the New Economic Geography and models operating with market structures of oligopoly. This is why it is a courageous effort to try to cross the apparently unalterable borders set by equilibrium modelling. Most certainly this cannot be an end in itself. Especially the pure theory of international economics is still in many fields lacking adequate possibilities to deal with phenomena in space and time. These two dimensions have in common that they make the introduction of specific facets of movement, change, evolution - and therefore mobility - possible. Besides this dynamic component a point of view that includes space and time challenges us to find new possibilities to model heterogeneous agents. If these ideas are not so revolutionary in their content, the attempt to introduce them into a formal model is a big challenge. Moreover, it poses the question about the role of a theory of international economics in such a wider framework.

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