The Flawed Foundations of General Equilibrium Theory: Critical Essays on Economic Theory

1st Edition

Frank Ackerman, Alejandro Nadal, Kevin P. Gallagher

Published September 13, 2012
Reference - 240 Pages
ISBN 9780415654869 - CAT# Y144117
Series: Routledge Frontiers of Political Economy

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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.


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