The Flawed Foundations of General Equilibrium Theory: Critical Essays on Economic Theory (Routledge Frontiers of Political Economy)

by Frank Ackerman (Author), Alejandro Nadal (Author), Kevin P. Gallagher (Author), Alejandro Nadal (Author), Frank Ackerman (Author)

• New

  Hardcover
  2004

  $151.89

  As the title suggests, this publication 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.