1st Edition

The Market Equilibrium, Stability, Mythology

By Sydney N. Afriat Copyright 2003
144 Pages
by Routledge

144 Pages
by Routledge

144 Pages
by Routledge

This punchy book unites mainline mathematical economics and sometimes idiosyncratic political economy. Freshness is brought to the market concept giving general equilibrium theory a new lease of life, and an opening of thought on such matters as free trade, globalization and the environment. Where most theories of general equilibrium have been based on utility maximizing traders, Afriat here... Read more
1. The Market Phenomenon 2. Market Equilibrium and Stability 3. The Linear Market Model 4. Market and Myth 5. On Trade, and Self-sufficiency 6. In the Economic Context: Concerning Efficiency

Biography

S. N. Afriat, currently associated with the University of Siena, Italy, has a long and distinguished rocord of publishing at the interface of mathematics and economics.

'This is an unusually elegant and imaginative book, written with verve and flair by a supremely well-informed theorist with an open mind and a critical eye.' - K. Vela Velupillai