Hahn's Problem

Hahn's Problem

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Hahn Problem (also Hahn's problem or Hahn's question) refers to the theoretical challenge of building general equilibrium models where money does not enter preferences, but yet has a positive value. It is named after the British economist Frank Hahn who outlined this problem in his 1965 paper, "On Some Problems of Proving the Existence of an Equilibrium in a Monetary Economy."Frank Horace Hahn (born 1925 in Berlin) is a British economist whose work has focused on general equilibrium theory, monetary theory, Keynesian economics and monetarism. A famous problem of economic theory, the conditions under which money (which is intrinsically worthless) can have a positive value in a general equilibrium, is called "Hahn's Problem" after him.show more

Product details

  • Paperback | 52 pages
  • 152 x 229 x 3mm | 91g
  • The
  • United States
  • English
  • black & white illustrations
  • 6136210959
  • 9786136210957