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Critical Essays on Economic Theory
Frank Ackerman, Alejandro Nadal (El Colegio de Mexico, Mexico)
ISBN: 9780415700016
Format: Hardback
Publisher:Taylor & Francis Ltd
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The Flawed Foundations of General Equilibrium shows that there are fatal flaws in the standard theoretical model of a market economy. It will be an enlightening read for economists of all persuasions - and for those in law, social sciences, and public policy arenas where economic theory has become inescapable.
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.
| ISBN | 0415700019 | | Volumes | 1 | | ISBN13 | 9780415700016
(What's this?) | | Weight (grammes) | 513 | | Publisher | Taylor & Francis Ltd | | Published in | London | | Imprint | Routledge | | Series ISSN | 62 | | Format | Hardback | | Series title | Routledge Frontiers of Political Economy | | Publication date | 24 Jun 2004 | | Height (mm) | 234 | | Library of Congress | HB145 | | Width (mm) | 156 | | DEWEY | 330.122 | | Spine width (mm) | 16 | | DEWEY edition | DC22 | | Academic level | Undergraduate, Postgraduate, Professional / Scholarly | | Pages | 240 | |
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| | | Introduction : underneath the flawed foundations by Frank Ackerman and Alejandro Nadal | | 1 | | 1 | | Still dead after all these years : interpreting the failure of general equilibrium theory by Frank Ackerman | | 14 | | 2 | | Behind the building blocks : commodities and individuals in general equilibrium theory by Alejandro Nadal | | 33 | | 3 | | Money and prices : the limits of the general equilibrium theory by Carlo Benetti | | 48 | | 4 | | The law of supply and demand in the proof of existence of general competitive equilibrium by Carlo Benetti and Alejandro Nadal and Carlos Salas | | 68 | | 5 | | Consumed in theory : alternative perspectives on the economics of consumption by Frank Ackerman | | 86 | | 6 | | Choice of technique revisited : a critical review of the theoretical underpinnings by Alejandro Nadal | | 99 | | 7 | | Existence values and priceless externalities by Frank Ackerman | | 116 | | 8 | | Contradictions of the open economy model as applied in Mexico by Alejandro Nadal | | 132 | | 9 | | An offer you can't refuse : free trade, globalization, and the search for alternatives by Frank Ackerman | | 149 | | 10 | | Computable abstraction : general equilibrium models of trade and environment by Frank Ackerman and Kevin P. Gallagher | | 168 | | 11 | | Freedom and submission : individuals and the invisible hand by Alejandro Nadal | | 181 |
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