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Synopsis

General Equilibrium Theory: An Introduction, presents one of the great achievements of modern economic analysis (recognized by two Nobel Prizes). General equilibrium analysis studies an economy as a whole, recognizing many interacting markets where prices in one market can affect supply and demand in another. The book is suitable for graduate students and advanced undergraduates in economics and mathematics. It starts with elementary models, presents mathematical preparation and more sophisticated treatments. The treatment emphasizes clarity and accessibility through use of examples and intuition.

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About the Author

Ross M. Starr is Professor of Economics at the University of California, San Diego, where he has taught since 1980. He has also served on the faculties of Yale University, Connecticut, the London School of Economics and Political Science and the University of California, Davis, and he held a Guggenheim Fellowship at the University of California, Berkeley. Professor Starr's research focuses on general equilibrium theory, mathematical economics and monetary theory. He is the editor of General Equilibrium Models of Monetary Economies (1989) and coeditor of the three-volume Essays in Honor of Kenneth Arrow (Cambridge, 1986). His articles have appeared in journals such as Econometrica, Economic Theory, the Journal of Economic Theory, the Journal of Money, Credit, and Banking, the Quarterly Journal of Economics and the Review of Economic Studies. Cambridge University Press released the first edition of General Equilibrium Theory: An Introduction in 1997.

Review

"Ross Starr has performed a major service in preparing his introductory and yet fully self-contained textbook on general equilibrium theory. His graceful yet rigorous exposition will provide the student with a full coverage of the basic issues. The learning process is enhanced by the excellent and stimulating exercises." Kenneth J. Arrow, Stanford University

"This slim volume contains all that a newcomer to general equilibrium theory can be expected to learn. The exposition is simple and clear without sacrifice of rigor." Frank Hahn, University of Cambridge and University of Siena

"Ross Starr's well-organized, rigorous introduction to the theory of general equilibrium serves as a useful handbook for those specializing in mathematical economics as well as an elementary textbook for students." Hirofumi Uzawa, Research Center on Global Warming, Japan Development Bank

"This is a very fine textbook on general equilibrium theory intended for advanced undergraduate and graduate students which may also serve as a reference book for researchers." Andrzej Wieczorek, Mathematical Reviews

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  • PublisherCambridge University Press
  • Publication date1997
  • ISBN 10 0521564735
  • ISBN 13 9780521564731
  • BindingPaperback
  • LanguageEnglish
  • Number of pages280

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