General Economic Equilibrium: Purpose, Analytic Techniques, Collective Choice

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.

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Document Details

Document Type
Technical Report
Publication Date
Jan 01, 1973
Accession Number
AD0757100

Entities

People

  • Kenneth J. Arrow

Organizations

  • Harvard University

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Budgets
  • Commerce
  • Convex Sets
  • Economic Analysis
  • Economic Systems
  • Economics
  • Equations
  • German Language
  • Language
  • Market Economy
  • Markets
  • Money
  • New York
  • Point Theorem
  • Recreation
  • Theorems
  • United States

Fields of Study

  • Economics

Readers

  • Economics
  • Game Theory.
  • Theoretical Analysis.