Equilibrium in Economics: Scope and Limits (Routledge Frontiers of Political Economy) - Softcover

Book 63 of 375: Routledge Frontiers of Political Economy
 
9780415493666: Equilibrium in Economics: Scope and Limits (Routledge Frontiers of Political Economy)
Softcover
ISBN 10: 0415493668 ISBN 13: 9780415493666
Publisher: Routledge, 2008

Synopsis

General Equilibrium Theory, which became the dominating paradigm after the Second World War, is founded on the postulated existence, uniqueness, and stability of equilibrium in economic processes. Since then, the concept has come under sustained attack from all points of the heterodox compass, from Austrian economists to Marxists.

Partly in response to these pressures, mainstream economics has changed and moved away from the rigid framework of GET. Nonetheless, economists are continually arguing in terms of equilibrium and the existence of a variety of equilibrium concepts continues to stir controversy.

The contributions in this book, which include articles from Tony Lawson, Ivor Grattan-Guinness and Roger Backhouse, highlight current notions of equilibrium in economics and provide a guide to understanding the links between economic theory and economic reality.

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About the Author

Valeria Mosini is at the London School of Economics and at the University ‘La Sapienza’ in Rome.

"About this title" may belong to another edition of this title.

Publisher
Routledge
Publication date
2008
Language
English
ISBN 10 
0415493668
ISBN 13 
9780415493666
Binding
Paperback
Edition number
1
Number of pages
312
Editor
Mosini Valeria

Other Popular Editions of the Same Title

9780415391375: Equilibrium in Economics: Scope and Limits (Routledge Frontiers of Political Economy)

Featured Edition

ISBN 10:  0415391377 ISBN 13:  9780415391375
Publisher: Routledge, 2006
Hardcover