Förster, Hannah (contributor) - 2008
(1978)).
Arrow & Debreu
Walras (1877) described an competitive economy by mathematical means,
by stating the conditions for … a general equilibrium, but never gave a proof
that the system of equations that he constructed had a solution (cf. Arrow … produc-
tion1 Arrow and Debreu (1954) studied the assumptions needed so that an
integrated model of a competitive economy …