Lectures In General Equilibrium Microeconomics
Book Details
Format
Hardback or Cased Book
ISBN-10
9811292965
ISBN-13
9789811292965
Publisher
World Scientific Publishing Co Pte Ltd
Imprint
World Scientific Publishing Co Pte Ltd
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 31st, 2026
Print length
200 Pages
Product Classification:
MicroeconomicsEconometricsEconomic statistics
Ksh 16,200.00
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This book attempts to understand the operation and properties of 'market economies'. We do this by carefully examining, refining and in some cases extending the major theorems that Microeconomics has established in response to the Walrasian conjecture. We critically evaluate theorems and results, that assert the existence, uniqueness, stability, optimality and empirical relevance of Walrasian equilibrium states. As a result of our work, we attempt to comment on the wisdom of recommending that socio-economic systems operate as a collection of deregulated competitive markets.
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