A technique of economic analysis comparing one equilibrium position with a later one which is the product of changes in the values of PARAMETERS and EXOGENOUS VARIABLES. KEYNES used this method; ROBERTSON and HARROD preferred dynamic methods which,...

Comparative statics is the comparison of two different equilibrium states, before and after a change in some underlying exogenous parameter. As a study of statics it compares two different unchanging points, after they have changed. It does not study...