Introduction : on the foundations of comparative statics -- pt. 1. The economics of sub-optimal economies -- pt. 2. Foundations of equilibrium methodology -- pt. 3. Limits of equilibrium methodology -- pt. 4. Avenues for a new microeconomics of non-equilibria.

The conclusion of this paper is that market prices fail to reflect the information required to provide meaningful accounting measurements that are used in real‐life decision making. This failure is due to the employment of an “ideal” economic world’s assumptions that do not, and cannot,...