Mosini, Valeria (2007) Introduction: three ways of looking at economic equilibrium. In: Mosini, Valeria, (ed.) Equilibrium in Economics: Scope and Limits. Routledge frontiers of political economy. Routledge, Abingdon, UK, pp. 1-16. ISBN 9780415493666
Full text not available from this repository.Abstract
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.
| Item Type: | Book Section |
|---|---|
| Official URL: | http://www.routledge.com/ |
| Additional Information: | © 2007 The Author |
| Divisions: | International Development |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 20 Dec 2013 09:54 |
| Last Modified: | 13 Sep 2024 16:58 |
| URI: | http://eprints.lse.ac.uk/id/eprint/55082 |
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