General Equilibrium

Problems and Prospects
Herausgeber: Hahn, Frank; Petri, Fabio

• Broschiertes Buch

Produktbeschreibung

In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb new book brings together leading economic theorists with important contributions to the ongoing debate. General equilibrium theorists including Michio Morishima, Michael Magill and Martine Quinzii debate strengths, weaknesses and possible futures with leading thinkers such as Herb Gintis, Pierangelo Garegnani and Duncan Foley, who seek to explain the rejection of general equilibrium. Uniquely, none of the contributors portray general equilibrium theory as the perfect guide to market economies actual behaviour, but rather illustrate that there is insufficient acquaintance with existing alternatives and that general equilibrium theory is often used as an ideal 'benchmark'.

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Produktdetails

• Verlag: Routledge
• Seitenzahl: 544
• Erscheinungstermin: 12. September 2014
• Englisch
• Abmessung: 234mm x 156mm x 29mm
• Gewicht: 816g
• ISBN-13: 9780415863087
• ISBN-10: 0415863082
• Artikelnr.: 37315652

Autorenporträt

Fabio Petri, Frank Hahn (University of Siena)

Inhaltsangabe

1. Elvio Accinelli Existence of GE: are the Cases of Non-Existence a Cause
of Serious Worry? 2. Aloisio Araujo and Wilfredo Maldonado Learning in
Intertemporal Equilibrium Models and the Sunspot Case 3. Franklin M. Fisher
Disequilibrium and Stability 4. Duncan K. Foley Statistical Equilibrium in
Economics: Method, Interpretation, and an Example 5. Pierangelo Garegnani
Savings, Investment and Capital in a System of General Intertemporal
Equilibrium. With a Mathematical Note by Michele Tucci 6. Herb Gintis Some
Implications of Endogenous Contract Enforcement for General Equilibrium
Theory 7. Frank H. Hahn Macro-Economics and General Equilibrium 8. Heinz D.
Kurz and Neri Salvadori 'Classical' vs. 'Neoclassical' Theories of Value
and Distribution and the Long-Period Method 9. Mordecai Kurz Endogenous
Uncertainty and Rational Belief Equilibrium: a Unified Theory of Market
Volatility 10. Michael Magill and Martine Quinzii Incentives and the Stock
Market in General Equilibrium 11. Michael Magill and Martine Quinzii
Intermediation, the Stock Market and Intergenerational Transfers 12.
Michael Mandler The Sequential Indeterminacy Problem 13. Michio Morishima
General Equilibrium and the Destiny of Capitalism á la Schumpeter 14.
Fabio Petri A 'Sraffian' Critique of General Equilibrium Theory, and the
Classical-Keynesian Alternative 15. Hamid Sabourian Competitive Equilibrium
and Noncooperative Game Theory: Noise and Bounded Rationality 16. Bertram
Schefold Applications of the Classical Approach 17. Alan Kirman General
Equilibrium: Problems, Prospects and Alternatives: an Attempt at a
Synthesis 18. Final Discussion Session