ABSTRACT
This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels. Under the impressive editorship of Ackerman and Nadal, this book will appeal to students and resea
TABLE OF CONTENTS
chapter |19 pages
Still dead after all these years
Interpreting the failure of general equilibrium theory
chapter |15 pages
Behind the building blocks
Commodities and individuals in general equilibrium theory
chapter |16 pages
Existence values and priceless externalities
chapter |17 pages
Contradictions of the open economy model as applied in Mexico
chapter |19 pages
An offer you can’t refuse
Free trade, globalization, and the search for alternatives