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Lectures in General Equilibrium Microeconomics

Lectures in General Equilibrium Microeconomics

Hardcover

Economics

PREORDER - Expected ship date July 30, 2027

ISBN10: 9811292965
ISBN13: 9789811292965
Publisher: World Scientific Publishing Company
Published: Jul 30 2027
Pages: 200
Language: English
This book attempts to understand the operation and properties of 'market economies'. We do this by carefully examining, refining and in some cases extending the major theorems that Microeconomics has established in response to the Walrasian conjecture. We critically evaluate theorems and results, that assert the existence, uniqueness, stability, optimality and empirical relevance of Walrasian equilibrium states. As a result of our work, we attempt to comment on the wisdom of recommending that socio-economic systems operate as a collection of deregulated competitive markets.

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Bryant, W. D. a.

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Economics