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General Equilibrium
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General Equilibrium : Problems and Prospects

Book Details

Format Paperback / Softback
ISBN-10 0415863082
ISBN-13 9780415863087
Publisher Taylor & Francis Ltd
Imprint Routledge
Country of Manufacture GB
Country of Publication GB
Publication Date Sep 12th, 2014
Print length 544 Pages
Weight 725 grams
Ksh 10,200.00
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In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This book brings together leading economic theorists with important contributions to the this debate.
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''.

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