The Standard Case and the Simple Profile

John Hicks

in Capital and Time

Published in print October 1987 | ISBN: 9780198772866
Published online November 2003 | e-ISBN: 9780191596414 | DOI:
 The Standard Case and the Simple Profile

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This chapter examines an economy which is in a steady state, and traces out the path which will be followed when the steady state is subjected to some kind of disturbance. This problem is considered as one of ‘Traverse’. The chapter then discusses the Standard Case.

Keywords: economy; steady state; Traverse analysis; Standard Case

Chapter.  3200 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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