The flawed foundations of general equilibrium : critical essays on economic theory / / Frank Ackerman ... [et al.]

• Record Nr.: UNINA9910826410103321
• Autore: Ackerman Frank
• Pubbl/distr/stampa: London ; ; New York, : Routledge, 2004
• ISBN: 1-135-99737-3; 0-203-68228-9; 1-135-99738-1; 0-429-23490-2; 0-415-65486-6; 0-203-79996-8; 1-280-05283-X
• Edizione: [1st ed.]
• Descrizione fisica: xv, 220 p
• Collana: Routledge frontiers of political economy ; ; 62
• Classificazione: 83.10
• Disciplina: 339.5
• Soggetti: Equilibrium (Economics)
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references (p. [202]-215) and index.
• Nota di contenuto: chapter Introduction -- Underneath the flawed foundations / Frank Ackerman -- chapter 1 Still dead after all these years -- Interpreting the failure of general equilibrium theory / Frank Ackerman -- chapter 2 Behind the building blocks -- Commodities and individuals in general equilibrium theory / Alejandro Nadal -- chapter 3 Money and prices -- The limits of the general equilibrium theory / Carlo Benetti -- chapter 4 The law of supply and demand in the proof of existence of general competitive equilibrium / Carlo Benetti -- chapter 5 Consumed in theory -- Alternative perspectives on the economics of consumption / Frank Ackerman -- chapter 6 Choice of technique revisited -- A critical review of the theoretical underpinnings / Alejandro Nadal -- chapter 7 Existence values and priceless externalities / Frank Ackerman -- chapter 8 Contradictions of the open economy model as applied in Mexico / Alejandro Nadal -- chapter 9 An offer you can t refuse -- Free trade, globalization, and the search for alternatives / Frank Ackerman -- chapter 10 Computable abstraction -- General equilibrium models of trade and environment / Frank Ackerman -- chapter 11 Freedom ; and submission -- Individuals and the invisible hand / Alejandro Nadal.
• Sommario/riassunto: 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.