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The Flawed Foundations of General Equilibrium Theory

Critical Essays on Economic Theory

By Frank Ackerman, Alejandro Nadal, Kevin P. Gallagher

Published June 24th 2004 by Routledge – 240 pages

Series: Routledge Frontiers of Political Economy

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Description

This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels. Under the impressive editorship of Ackerman and Nadal, this book will appeal to students and researchers in economics and related social science disciplines.

Name: The Flawed Foundations of General Equilibrium Theory: Critical Essays on Economic Theory (Hardback) – Routledge 
Description: By Frank Ackerman, Alejandro Nadal, Kevin P. Gallagher. This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels...
Categories: Economics, Economic Theory & Philosophy, Political Economy