Equality of Demand and Supply Neither Determines Price Nor Clears the Market
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KeywordsMarket Clearing; Price; Allocation; Exchange; Entrepreneurship; Money; Unemployment Arrow; Jevons; Keynes; Kirzner; Marshall; Menger; Mises; Walras.;
- A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
- B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
- E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2004-05-26 (All new papers)
- NEP-HPE-2004-05-26 (History & Philosophy of Economics)
- NEP-MIC-2004-05-26 (Microeconomics)
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