pt. 1. The Walrasian system. The neoclassical theory of the consumer -- The neoclassical theory of production -- General equilibrium in a barter economy -- Introducing prices : perfect competition and Pareto efficiency -- Market failure and the second fundamental theorem of welfare economics --...

Microeconomic Theory Old and New: A Student's Guide has two main goals. The first is to give advanced undergraduate and graduate students an understanding of the core model of economics: Walrasian general equilibrium theory. The text presents in detail the three building blocks of Walrasian...