The Current Non-Status of General Equilibrium Theory

Authors

Donald W. Katzner, University of Massachusetts - Amherst

Working Paper Number

2004-10

Publication Date

2004

Abstract

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.

DOI

https://doi.org/10.7275/1069230

Recommended Citation

Katzner, Donald W., "The Current Non-Status of General Equilibrium Theory" (2004). Economics Department Working Paper Series. 77.
https://doi.org/10.7275/1069230