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General Equilibrium

Problems and Prospects

Edited by Frank Hahn, Fabio Petri

Routledge – 2002 – 544 pages

Series: Routledge Siena Studies in Political Economy

Purchasing Options:

  • Pre-Order NowPaperback: $48.95
    978-0-415-86308-7
    October 31st 2014
    Available for pre-order
  • Add to CartHardback: $260.00
    978-0-415-29691-5
    November 21st 2002

Description

In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb new book brings together leading economic theorists with important contributions to the ongoing debate.

General equilibrium theorists including Michio Morishima, Michael Magill and Martine Quinzii debate strengths, weaknesses and possible futures with leading thinkers such as Herb Gintis, Pierangelo Garegnani and Duncan Foley, who seek to explain the rejection of general equilibrium. Uniquely, none of the contributors portray general equilibrium theory as the perfect guide to market economies actual behaviour, but rather illustrate that there is insufficient acquaintance with existing alternatives and that general equilibrium theory is often used as an ideal 'benchmark'.

Name: General Equilibrium: Problems and Prospects (Hardback)Routledge 
Description: Edited by Frank Hahn, Fabio Petri. In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb new book brings together leading economic theorists with important contributions to the ongoing...
Categories: Economics, Economic Theory & Philosophy, Microeconomics