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Political economy views economic issues through the lens of political organisation. In today's world, it must focus on the roles of markets and of democracy, two concepts which are driving revolutionary changes in the political organisation of both Europe and Asia. There are two main paradigms...
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Equilibrium conditions in smooth infinite economies with separable utilities are described by Fredholm maps, which are Frechet differentiable. Therefore, Smale's extension of Sard's theorem can be used to study infinite economies, We study structural stability and local uniqueness of equilibrium...
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This article summarizes the theory of markets under uncertainty that Arrow and Debreu created, its achievements and the … rationality and a new form of choice under uncertainty that conforms better to the experimental evidence. Additionally, the … introduction of markets with endogenous uncertainty in the early 1990s challenged the foundation of Arrow Debreu's theory of …
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This article outlines work in progress on a study of technological choice in the context of North-South development. Its main purpose is to describe the methodology being developed in the pilot phase of the study. This is of interest because it links together a number of analytic...
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