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The general equilibrium theory as economic metatheory [PDF]
Brazilian Journal of Political Economy, 2015 Many economists show certain nonconformity relative to the excessive mathematical formalization of economics. This stems from dissatisfaction with the old debate about the lack of correspondence between mainstream theoretical models and reality. Although
MAURICIO MARTINELLI LUPERI
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János Kornai and general equilibrium theory [PDF]
Acta Oeconomica, 2018 This paper explores the evolution of Kornai’s thought on general equilibrium theory (GET) and his position on mainstream economics. Three moments in this evolution will be highlighted, starting by his rejection of GET and advocating disequilibrium in Anti-Equilibrium (1971).
Mehrdad Vahabi
semanticscholar +8 more sources
A general theory of equilibrium behavior [PDF]
arXiv, 2013 Economists were content with the concept of the Nash equilibrium as game theory's solution concept until Daskalakis, Goldberg, and Papadimitriou showed that finding a Nash equilibrium is most likely a computationally hard problem, a result that set off a deep scientific crisis.
Ioannis Avramopoulos
arxiv +5 more sources
Accounting and its Relationship to General Equilibrium Theory [PDF]
Accounting, Economics, and Law: A Convivium, 2019 Accounting both for macro and microeconomic purposes deals with process and dynamics. Much of the best microeconomic theory has dealt only with statics.
Martín Shubik
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About manifolds and determinacy in general equilibrium theory. [PDF]
Estudios de Economía, 2003 En este artículo se demuestra que el conjunto de equilibrio social de una economía de intercambio, con espacio de consumo contenido en un espacio de Banach, es una variedad en dicho Banach, cuya caracterización no depende del número de bienes.
Elvio Accinelli
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Post Keynesian Dynamic Stochastic General Equilibrium Theory
, 2017 This paper explains the connection between ideas developed in my recent books and papers and those of economists who self-identify as Post Keynesians. My own work is both neoclassical and "old Keynesian".
Roger E. A. Farmer
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A Growth Theory Based on Walrasian General Equilibrium, Solow-Uzawa Growth, and Heckscher-Ohlin Trade Theories [PDF]
Interdisciplinary Description of Complex Systems, 2018 The purpose of this study is to analyse the role of preferences and technological differences between countries in determining dynamics of capital accumulation, wealth and income distribution within countries and between countries, and patterns of trade ...
Wei-Bin Zhang
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The Elements of General Equilibrium Theory [PDF]
, 2008 The lecture will be an introduction to the model of economic equilibrium. The basic concepts: preferences, initial endowments and market clearing prices will discussed - in general and by means of examples. I will indicate how fixed point theorems are used to demonstrate the existence of equilibrium prices and sketch an algorithm for Brouwers theorem ...
Herbert E. Scarf
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Incentives, Contracts, and Markets: A General Equilibrium Theory of Firms [PDF]
, 2007 This paper takes steps toward integrating firm theory in the spirit of Alchian and Demsetz (1972) and Grossman and Hart (1986), contract theory in the spirit of Holmstrom (1979), and general equilibrium theory in the spirit of Arrow and Debreu (1954) and
William R. Zame
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Still dead after all these years: interpreting the failure of general equilibrium theory [PDF]
, 2002 Frank Ackerman
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