The Flawed Foundations of General Equilibrium Theory
Critical Essays on Economic Theory
Series: Routledge Frontiers of Political Economy; 62;
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Product details:
- Edition number 1
- Publisher Routledge
- Date of Publication 24 June 2004
- ISBN 9780415700016
- Binding Hardback
- No. of pages240 pages
- Size 234x156 mm
- Weight 521 g
- Language English 0
Categories
Short description:
This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world.
MoreLong description:
This book, as the title suggests, 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. Under the impressive editorship of Ackerman and Nadal, this book will appeal to students and researchers in economics and related social science disciplines.
MoreTable of Contents:
Ackerman and Nedal. Introduction: Underneath the Flawed Foundations1. Ackerman . Still Dead After All these Years ( Journal of Economic Methodology )2. Nadal . Behind the Building Blocks: Commodities and Agents3. Benetti . Money and Prices: Commodities and Agents4. Benetti, Nadal, Salas , The Law of Supply and Demand in the Proof of Existence of General Competitive Equilibrium5. Ackerman , Consumed in Theory ( Journal of Economic Issues 1997 )6. Nadal , Choice of Technique Revisited ( World Development 1990 )7. Ackerman , Existence Values and Priceless Externalities8. Nadal, Contradictions of the Open Economy Model9. Ackerman. An Offer You Can't Refuse10. Ackerman , Gallagher. Computable Abstraction11. Nadal . Freedom and Submission: Individuals and the Invisible Hand (early version in Analisis Economico , Mexico City, 1998)
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