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The Theory of Linear Economic Models

The Theory of Linear Economic Models
Author: David Gale
ISBN 13: 9780226278841
ISBN 10: 226278840
Edition: New edition
Publisher: University Of Chicago Press
Publication Date: 1989-02-10
Format: Paperback
Pages: 352
List Price: $32.00

In the past few decades, methods of linear algebra have become central to economic analysis, replacing older tools such as the calculus. David Gale has provided the first complete and lucid treatment of important topics in mathematical economics which can be analyzed by linear models. This self-contained work requires few mathematical prerequisites and provides all necessary groundwork in the first few chapters. After introducing basic geometric concepts of vectors and vector spaces, Gale proceeds to give the main theorems on linear inequalities—theorems underpinning the theory of games, linear programming, and the Neumann model of growth. He then explores such subjects as linear programming; the theory of two-person games; static and dynamic theories of linear exchange models, including problems of equilibrium prices and dynamic stability; and methods of play, optimal strategies, and solutions of matrix games. This book should prove an invaluable reference source and text for mathematicians, engineers, economists, and those in many related areas.


Reprint of the edition of 1960. Gale (math, economics, operations research, U. of Cal. Berkeley) provides a complete and systematic treatment of the topic. Annotation c. Book News, Inc., Portland, OR (booknews.com)