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  • Cited by 28
Publisher:
Cambridge University Press
Online publication date:
September 2009
Print publication year:
2006
Online ISBN:
9780511510748

Book description

In order to understand the various strands of general equilibrium theory, why it has taken the forms that it has since the time of Léon Walras, and to appreciate fully a view of the state of general equilibrium theorising, it is essential to understand Walras's work and examine its influence. The first section of this book accordingly examines the foundations of Walras's work. These include his philosophical and methodological approach to economic modelling, his views on human nature, and the basic components of his general equilibrium models. The second section examines how the influence of his ideas has been manifested in the theorising of his successors, surveying the models of theorists such as H. L. Moore, Vilfredo Pareto, Knut Wicksell, Gustav Cassel, Abraham Wald, John von Neumann, J. R. Hicks, Kenneth Arrow, and Gerard Debreu. The treatment also examines models of many types in which Walras's influence is explicitly acknowledged.

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Contents

References
References and Bibliography for Chapter 11
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Uses and developments of special ideas of Walras's
Walras's law
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Walras allocations
Armstrong, Thomas E. and Richter, Marcel K. (1984), “The Core-Walras Equivalence,” Journal of Economic Theory, 33(1), June, 116–51
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Nagahisa, Ryo-ichi (1992), “Walrasian Social Choice in a Large Economy,” Mathematical Social Sciences, 24(1), August, 73–78
Nagahisa, Ryo-ichi (1994), “A Necessary and Sufficient Condition for Walrasian Social Choice,” Journal of Economic Theory, 62(1), February, 186–208
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Imperfectly competitive non-virtual general equilibrium models
Oligopoly, Cournot-Walras, and monopolistic models
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Nash-Walras, games and bargaining models
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Fix-price models
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Micro- and macro-economics: blending the ideas of Walras and J. M. Keynes
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Applied and computational general equilibrium models
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