picture of the system of production and consumption as a circular process, and it stands in striking contrast to the view … presented by modern theory of a one-way avenue that leads from ‘Factors of production’ to ‘Consumption goods’.” (Sraffa, 1960 …) Neo-Ricardian’s opposition between classical economics and Walrasian theory is based on the representation of production …

The book develops the main lines of thought contained in “Macromodels of the Romanian transition economy”, edited in … budget deficits; - a more detailed elaboration of the possible scenarios of the future evolution of the Romanian economy. The … present book tries to define the features of the weakly structured economy from an institutional perspective. The …

and demand and supply and demand commands the economy. Third, production takes time; quantities produced and sold are … three; first, supply and demand generates price and production of all relevant products and services, being thus the … never equal; disequilibrium is the usual status of the supply and demand interaction and therefore the entire economy …

supply and demand model of the Malaysian cocoa. The results suggest that the Malaysian cocoa production is mainly affected by … the previous year production, price of cocoa beans at lag two as well as the harvested area. In the export demand equation …, the real effective exchange rates is statistically significant determinant while the index of industrial production of …