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General Equilibrium by Kenneth J. Arrow (1984, Hardcover)
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- Buy It NowGeneral Equilibrium (Volume 2) (Collected Papers of Kenneth J. A
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About this product
Product Identifiers
PublisherHarvard University Press
ISBN-100674137612
ISBN-139780674137615
eBay Product ID (ePID)485297
Product Key Features
Number of Pages320 Pages
LanguageEnglish
Publication NameGeneral Equilibrium
Publication Year1984
SubjectEconomics / General
TypeTextbook
AuthorKenneth J. Arrow
Subject AreaBusiness & Economics
FormatHardcover
Dimensions
Item Height1 in
Item Weight20 Oz
Item Length9.2 in
Item Width6.1 in
Additional Product Features
Intended AudienceScholarly & Professional
LCCN84-048055
Dewey Edition19
Volume NumberVolume 2
IllustratedYes
Dewey Decimal330.15/43
Table Of ContentAlternative Proof of the Substitution Theorem for Leontief Models in the General Case An Extension of the Basic Theorems of Classical Welfare Economics The Role of Securities in the Optimal Allocation of Risk Bearing Existence of an Equilibrium for a Competitive Economy Import Substitution in Leontief Models Economic Equilibrium The Organization of Economic Activity: Issues Pertinent to the Choice of Market versus Nonmarket Allocation The Firm in General Equilibrium Theory General Economic Equilibrium: Purpose, Analytic Techniques, Collective Choice Cost-theoretical and Demand-theoretical Approaches to the Theory of Price Determination The Genesis of Dynamic Systems Governed by Metzler Matrices Quantity Adjustments in Resource Allocation: A Statistical Interpretation The Future and the Present in Economic Life Pareto Efficiency with Costly Transfers Index
SynopsisThe publication of Arrow's collected papers will be welcomed by economists and other social scientists and in particular by graduate students, who can draw from them the knowledge and the discernment in selection of scientific problems that only a master can offer. The author has added headnotes to certain well-known papers, describing his process., Unlike the papers of some other great economists, those of Kenneth Arrow are being read and studied today with even greater care and attention than when they first appeared in journals. This publication of his collected papers, to be completed in seven topical volumes, will be welcomed by economists and other social scientists and in particular by graduate students, who can draw from them the deep knowledge and taste in the selection of scientific problems that only a master can offer. This volume is concerned with the foundations of neo-classical economic analysis. General equilibrium is a theory of prices in which all of the actions of the economic agents in an economy are determined simultaneously and in a decentralized fashion. The price system, determined in competitive markets, guides actions for both firms and individual consumers. All of the complex interrelations of the economy are distilled into the determination of this price system. In these papers, Arrow examines the conditions under which such a price system would exist. He also clarifies the conditions under which the system can or cannot achieve an optimum. In the latter case, when "market failures" are present, he shows the role of a benevolent government in helping to overcome the induced inefficiencies.
LC Classification NumberHB145.A77 1983
