General Equilibrium Theory: Sound and Fury, Signifying Nothing?
A relatively long article by Raphaële Chappe at INET:
General Equilibrium Theory: Sound and Fury, Signifying Nothing?: Does general equilibrium theory sufficiently enhance our understanding of the economic process to make the entire exercise worthwhile, if we consider that other forms of thinking may have been ‘crowded out’ as a result of its being the ‘dominant discourse’? What, in the end, have we really learned from it? ...
Posted by Mark Thoma on Tuesday, August 16, 2016 at 01:41 PM in Economics, Methodology |
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