Economics Department Working Paper Series
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