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The Flawed Foundations of General Equilibrium Theory

Critical Essays on Economic Theory

The Flawed Foundations of General Equilibrium Theory by Frank Ackerman
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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 researchers in economics and related social science disciplines.
Taylor and Francis; August 2004
240 pages; ISBN 9781135997373
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Title: The Flawed Foundations of General Equilibrium Theory
Author: Frank Ackerman; Alejandro Nadal; Kevin P. Gallagher