1st Edition
General Equilibrium Analysis A Century after Walras
Edited By Pascal Bridel
Copyright 2011
168 Pages
6 B/W Illustrations
by
Routledge
168 Pages
6 B/W Illustrations
by
Routledge
160 Pages
by
Routledge
Also available as eBook on:
2010 marks the hundredth anniversary of the death of Léon Walras, the brilliant originator and first formaliser of general equilibrium theory – one of the pillars of modern economic theory. In advancing much derided practical solutions Walras also displayed more concern for the problems of living in a second best world than is common in modern pure theories of the invisible hand, efficient market... Read more
Preface Pascal Bridel 1. Walras: Pioneer of Illuminating Complexity William J. Baumol 2. Léon Walras and Monetary Economics 3. The Normative Origins of General Equilibrium Theory: Or Walras's Attempts at Reconciling Economic Efficiency and Social Justice Pascal Bridel 4. Walras, Keynes, and the 'Great Recession' Richard A. Posner 5. The Stability of General Equilibrium - What Do We Know and Why Is It Important? Franklin M. Fisher 6. The Computation of Equilibria for the Walrasian Model: A Personal Account Herbert E. Scarf 7. Walras, Non-Clearing Markets and Imperfect Competition Jean-Pascal Bénassy 8. General Equilibrium Theory and Public Finance Anthony B. Atkinson 9. Macroeconomics and the Uses of General Equilibrium Robert M. Solow 10. Credit Instruments and Information to General Equilibrium Kenneth J. Arrow 11. Walras's Unfortunate Legacy Alan Kirman 12. On Walras's Modernity Roger Guesnerie
Biography
Pascal Bridel is Professor at the Department of Economics and Political Economy at the University of Lausanne, Switzerland.
