Routledge Frontiers of Political Economy

1 total work

The Flawed Foundations of General Equilibrium Theory

by Frank Ackerman, Alejandro Nadal, and Kevin P Gallagher

Published 24 June 2004

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.