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The Flawed Foundations of General Equilibrium Theory

- Critical Essays on Economic Theory

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As the title suggests, this publication explains how general equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9780415700016
  • Indbinding:
  • Hardback
  • Sideantal:
  • 240
  • Udgivet:
  • 24. juni 2004
  • Størrelse:
  • 156x234x14 mm.
  • Vægt:
  • 522 g.
  • 2-3 uger.
  • 26. november 2024

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As the title suggests, this publication explains how general equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels.

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