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The Current Non-Status of General Equilibrium Theory
Economics Department Working Paper Series
  • Donald W. Katzner, University of Massachusetts - Amherst
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This paper argues that the abandonment of general equilibrium theory by microeconomists was a mistake. It provides counter arguments to two of the reasons for that abandonment — lack of both generality and consistency with methodological individualism in uniqueness and stability analysis of equilibria — and urges microeconomists to refocus some of their attention on it.
Citation Information
Donald W. Katzner. "The Current Non-Status of General Equilibrium Theory" (2004)
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