The Equilibrium Manifold: Postmodern Developments in the Theory of General Economic Equilibrium (repost)
The Equilibrium Manifold: Postmodern Developments in the Theory of General Economic Equilibrium
The MIT Press | English | 2009-05-29 | ISBN: 0262026546 | 264 pages | PDF | 1,1 MB
The MIT Press | English | 2009-05-29 | ISBN: 0262026546 | 264 pages | PDF | 1,1 MB
In The Equilibrium Manifold, noted economic scholar and major contributor to the theory of general equilibrium Yves Balasko argues that, contrary to what many textbooks want readers to believe, the study of the general equilibrium model did not end with the existence and welfare theorems of the 1950s. These developments, which characterize the modern phase of the theory of general equilibrium, led to what Balasko calls the postmodern phase, marked by the reintroduction of differentiability assumptions and the application of the methods of differential topology to the study of the equilibrium equation.