LEADER 03883oam 2200673I 450 001 9910450869203321 005 20200520144314.0 010 $a1-134-42004-8 010 $a1-280-23932-8 010 $a9786610239320 010 $a0-203-99491-4 024 7 $a10.4324/9780203994917 035 $a(CKB)1000000000251746 035 $a(EBL)254237 035 $a(OCoLC)475967217 035 $a(SSID)ssj0000197963 035 $a(PQKBManifestationID)11169070 035 $a(PQKBTitleCode)TC0000197963 035 $a(PQKBWorkID)10169386 035 $a(PQKB)10408559 035 $a(MiAaPQ)EBC254237 035 $a(Au-PeEL)EBL254237 035 $a(CaPaEBR)ebr10165618 035 $a(CaONFJC)MIL23932 035 $a(OCoLC)69951856 035 $a(EXLCZ)991000000000251746 100 $a20180331d2003 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe market $eequilibrium, stability, mythology /$fS.N. Afriat 210 1$aLondon ;$aNew York :$cRoutledge,$d2003. 215 $a1 online resource (145 p.) 225 1 $aRoutledge frontiers of political economy ;$v44 300 $aDescription based upon print version of record. 311 $a0-415-85986-7 311 $a0-415-30048-7 320 $aIncludes bibliographical references and index. 327 $aThe Market equilibrium, stability, mythology; Copyright; Contents; Foreword; Preface; Acknowledgements; Part I The market phenomenon; Part II Market equilibrium and stability; 1 Introduction; 2 Descriptive functions; 3 Existence theorem; 4 Stability theorem; Appendices; I Sperner's lemma; II The KKM lemma; III Distribution matrices; Bibliography; Part III The linear market model; 1 Introduction; 2 Existence question; 3 Ta?tonnement; 4 The hyperbox: an illustration; 5 Reducibility; Appendix; Distribution matrices, again; Part IV Market & Myth; Part V On trade, and self-sufficiency 327 $a1 An introduction to economics2 The 'Optimism' of market doctrine; 2.1 Choice and welfare; 2.2 Free and yet a good slave - or Optimism; 2.3 Pangloss; 2.4 Historical; 2.5 Another report, and Pessimism; 2.6 Important nonsense; 2.7 Welfare again; 3 Keynes on "National self-sufficiency"; 3.1 Free trade; 3.2 External affairs; 3.3 Proximities; 3.4 Distances; 3.5 High points; 3.6 Interests; 4 In Adelaide (or anywhere); Bibliography; Part VI In the economic context: concerning 'efficiency'; Notes; Note 1 Aristotle's Value Problem and General Equilibrium 327 $aNote 2 Theorems of the Market "The First and Second Theorems of Welfare Economics"Note 3 Hypothetical traders for the linear market; Note 4 Historical note on "Data Envelope Analysis" frontier and stochastic-frontier production functions; Index 330 $aThis punchy book unites mainline mathematical economics and sometimes idiosyncratic political economy. Freshness is brought to the market concept giving general equilibrium theory a new lease of life, and an opening of thought on such matters as free trade, globalization and the environment.Where most theories of general equilibrium have been based on utility maximizing traders, Afriat here maintains the view that the topic essentially is concerned with aggregates and that anything to do with utility is at best secondary if not spurious. The book goes on to discuss politic 410 0$aRoutledge frontiers of political economy ;$v44. 606 $aEquilibrium (Economics) 606 $aEconomics, Mathematical 608 $aElectronic books. 615 0$aEquilibrium (Economics) 615 0$aEconomics, Mathematical. 676 $a380.1/01/5195 700 $aAfriat$b S. N.$f1925,$0102955 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910450869203321 996 $aThe market$92118351 997 $aUNINA