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The Flawed Foundations of General Equilibrium Theory Frank Ackerman (Tufts University, USA)

The Flawed Foundations of General Equilibrium Theory By Frank Ackerman (Tufts University, USA)

The Flawed Foundations of General Equilibrium Theory by Frank Ackerman (Tufts University, USA)

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Summary

This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world.

The Flawed Foundations of General Equilibrium Theory Summary

The Flawed Foundations of General Equilibrium Theory: Critical Essays on Economic Theory by Frank Ackerman (Tufts University, USA)

Author is one of the leading heterodox economists in the USA

Much of the book is free of complex equations - this will be a positive thing for many heterodox economists

General Equilibrium theory has been much criticised over the last decade and this book is basically an anthology of accessible critiques of general equilibrium theory - hence it will serve libraries well

About Frank Ackerman (Tufts University, USA)

Frank Ackerman, Alejandro Nadal, Kevin P. Gallagher

Table of Contents

Ackerman and Nedal. Introduction: Underneath the Flawed Foundations1. Ackerman . Still Dead After All these Years ( Journal of Economic Methodology )2. Nadal . Behind the Building Blocks: Commodities and Agents3. Benetti . Money and Prices: Commodities and Agents4. Benetti, Nadal, Salas , The Law of Supply and Demand in the Proof of Existence of General Competitive Equilibrium5. Ackerman , Consumed in Theory ( Journal of Economic Issues 1997 )6. Nadal , Choice of Technique Revisited ( World Development 1990 )7. Ackerman , Existence Values and Priceless Externalities8. Nadal, Contradictions of the Open Economy Model9. Ackerman. An Offer You Can't Refuse10. Ackerman , Gallagher. Computable Abstraction11. Nadal . Freedom and Submission: Individuals and the Invisible Hand (early version in Analisis Economico , Mexico City, 1998)

Additional information

NLS9780415654869
9780415654869
0415654866
The Flawed Foundations of General Equilibrium Theory: Critical Essays on Economic Theory by Frank Ackerman (Tufts University, USA)
Frank Ackerman (Tufts University, USA)
Routledge Frontiers of Political Economy
New
Paperback
Taylor & Francis Ltd
2012-09-13
240
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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