Accession Number:
AD0757100
Title:
General Economic Equilibrium: Purpose, Analytic Techniques, Collective Choice
Descriptive Note:
Technical rept.
Corporate Author:
HARVARD UNIV CAMBRIDGE MA
Personal Author(s):
Report Date:
1973-01-01
Pagination or Media Count:
54.0
Abstract:
The lecture is designed to survey modern development of the theory of general equilibrium in a competitive economy and its role in the allocation of resources. A survey is given of the state of the theory as developed by J.R. Hicks, P.A. Samuelson, and their predecessors as of about 1945, followed by an evaluation of the needs for further development. The differing general equilibrium tradition in the German-language literature is summarized.
Descriptors:
Subject Categories:
- Economics and Cost Analysis