The Current Non-Status of General Equilibrium TheoryEconomics Department Working Paper Series
Working Paper Number2004-10
AbstractThis 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 InformationDonald W. Katzner. "The Current Non-Status of General Equilibrium Theory" (2004)
Available at: http://works.bepress.com/donald_katzner/2/