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Equilibrium in Economics: Scope and Limits

Equilibrium in Economics: Scope and Limits

Paperback

Series: Routledge Frontiers of Political Economy

EconomicsGeneral Political Science

ISBN10: 0415493668
ISBN13: 9780415493666
Publisher: Routledge
Published: Jan 29 2009
Pages: 310
Weight: 0.97
Height: 0.65 Width: 6.14 Depth: 9.21
Language: English

General Equilibrium Theory, which became the dominating paradigm after the Second World War, is founded on the postulated existence, uniqueness, and stability of equilibrium in economic processes. Since then, the concept has come under sustained attack from all points of the heterodox compass, from Austrian economists to Marxists.

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