General Equilibrium
ISBN-10:
0393027287
ISBN-13:
9780393027280
Author(s): Eatwell, John; Milgate, Murray
Edition: 1st US Edition 1989
Description:
This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the topic of general equilibrium, a central theme in modern economic theory - the economy considered as a system of interrelated markets. The essays in this volume trace the evolution of general equilibrium theory from Wald and Walrus through Arrow, Debreu and McKenzie to the present day. The collection illuminates one of the grand theemes of 20th century economic thought.
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