The Cobweb Theorem (1938)

The Cobweb Theorem is a book written by Mordecai Ezekiel and published in 1938. The book is a treatise on economics and mathematics, and it presents a theory that explains the cyclical nature of certain economic phenomena. The theory is based on the idea that producers and consumers respond to changes in supply and demand with a time lag, which creates a feedback loop that results in oscillations in prices and quantities. The book provides a mathematical model to illustrate the theory and explores its implications for various economic scenarios, such as agricultural markets and industrial production. The Cobweb Theorem is considered a seminal work in the field of economics and has been influential in the development of modern economic theory.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.