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The Market

Equilibrium, Stability, Mythology

The Market by Sydney N. Afriat
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This punchy book unites mainline mathematical economics and sometimes idiosyncratic political economy. Freshness is brought to the market concept giving general equilibrium theory a new lease of life, and an opening of thought on such matters as free trade, globalization and the environment.
Where most theories of general equilibrium have been based on utility maximizing traders, Afriat here maintains the view that the topic essentially is concerned with aggregates and that anything to do with utility is at best secondary if not spurious. The book goes on to discuss political economy, in particular the idea of 'optimum', and its abuses, especially in doctrine related to the market.
This novel book will be of equal appeal to mathematical thinkers, those interested in the theory of market and political economists.
Taylor and Francis; May 2006
144 pages; ISBN 9781134420032
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Title: The Market
Author: Sydney N. Afriat
 
ISBNs
0203994914
9780203994917
9780415300483
9781134420032
9781134420049