The Current Non-Status of General Equilibrium Theory

This paper argues that the abandonment of general equilibrium theory by microeconomists was a mistake. It provides counter arguments to two of the reasons for that abandonment - lack of both generality and consistency with methodological individualism in uniqueness and stability analysis of equilibria - and urges microeconomists to refocus some of their attention on it.

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Year of publication:	2004
Authors:	Katzner, Donald W.
Publisher:	Amherst, MA : University of Massachusetts, Department of Economics
Subject:	general equilibrium theory \| price determination \| methodological individualism

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Series:	Working Paper ; 2004-10
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	866822208 [GVK] hdl:10419/105740 [Handle] RePEc:ums:papers:2004-10 [RePEc]
Classification:	D50 - General Equilibrium and Disequilibrium. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010456993