First Edition, second printing. xii, 452 pp. Original cloth. Near Fine, in near fine dust jacket. Mathematical Economics Texts 6. "By using new mathematical techniques [in their famous 1954 paper], Arrow and Debreu discovered that the existence of multi-market equilibrium under conditions of perfect competition requires forward markets in all goods and services . This finding threw doubt on the practical significance of general equilibrium theory and much of Arrow's work was concerned to demonstrate that general equilibrium theory was nevertheless 'robust', that is, of relevance even to economies with missing forward markets. This is the burden of a later book, General Competitive Analysis, co-authored with Frank Hahn" (Mark Blaug, Great Economists Since Keynes, pp. 7-8).

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Bibliografische Details

Titel: General Competitive Analysis.
Verlag: San Francisco: Holden-Day/ Edinburgh: Oliver & Boyd, 1971 [1972].
Erscheinungsjahr: 1972
Sprache: Englisch
ISBN-10: 0444854975
ISBN-13: 9780444854971
Einband: Hardcover
Auflage: 1st Edition
Zustand: Near Fine
Zustand des Schutzumschlags: Near Fine

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General Competitive Analysis (Volume 12) (Advanced Textbooks in Economics, Volume 12)

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Kenneth Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus; a CHP/PCOR fellow; and an FSI senior fellow by courtesy. He is the joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to have received this award, at 51. In economics, he is a figure in post-World War II neo-classical economic theory. Many of his former graduate students have gone on to win the Nobel Memorial Prize themselves. His most significant works are his contributions to social choice theory, notably "Arrow's impossibility theorem", and his work on general equilibrium analysis. He has also provided foundational work in many other areas of economics, including endogenous growth theory and the economics of information. He has been co-editor of the Handbooks in Economics series since the mid-1980s.

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