The Flawed Foundations of General Equilibrium Theory

Critical Essays on Economic Theory

By Frank Ackerman, Alejandro Nadal, Kevin P. Gallagher

© 2004 – Routledge

240 pages

Purchasing Options:
Paperback: 9780415654869
pub: 2012-09-13
US Dollars$54.95
Hardback: 9780415700016
pub: 2004-06-24
US Dollars$180.00

About the Book

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.

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / International / Economics