General Equilibrium. Problems and Prospects - Hardcover

Book 1 of 9: Routledge Siena Studies in Political Economy
 
9780415296915: General Equilibrium. Problems and Prospects

Synopsis

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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About the Author

Fabio Petri, Frank Hahn (University of Siena)

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Other Popular Editions of the Same Title

9780415863087: General Equilibrium (Routledge Siena Studies in Political Economy)

Featured Edition

ISBN 10:  0415863082 ISBN 13:  9780415863087
Publisher: Routledge, 2014
Softcover