In contemporary non-mainstream economic debate, it is widely thought that the functioning of a market economy needs a set of rules (i.e. institutions) which bind agents in their behaviour, allowing efficient outcomes. This idea is contrary to the General Equilibrium Model (GEM) where markets are...

Value -- The economics of the individual -- Fundamental theorem of the transformation of any given number of goods -- Final degree of utility of instrumental goods -- Cases where the final degree of utility of money is approximately constant -- Relationship between the final degree of utility of...