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Equilibrium and Disequilibrium in Economic Theory

Proceedings of a Conference Organized by the Institute for Advanced Studies, Vienna, Austria July 3–5, 1974

  • Conference proceedings
  • © 1978

Overview

Editors:
  1. Gerhard Schwödiauer

    1. Institute for Advanced Studies, Vienna, Austria

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Part of the book series: Theory and Decision Library (TDLU, volume 13)

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Table of contents (35 papers)

  1. Front Matter

    Pages I-L
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  2. Equilibrium

    1. Front Matter

      Pages 1-1
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    2. Equilibrium with Respect to a Simple Market

      • Karl Vind
      Pages 3-6

    3. On the Role of Complete, Transitive Preferences in Equilibrium Theory

      • D. Gale, A. Mas-Colell
      Pages 7-14

    4. Equilibrium in a Market with Incomplete Preferences where the Number of Consumers May be Finite

      • Claus Weddepohl
      Pages 15-26

    5. Continuity in General Nonconvex Economies (with Applications to the Convex Case)

      • Walter Perrin Heller
      Pages 27-38

    6. Are Core Allocations Obtainable as Exchange Equilibria?

      • Hans Keiding
      Pages 39-45

    7. Equivalence of Competitive and Relative-Core Allocations on a Measure Space of Economic Agents

      • Paul Van Moeseke
      Pages 47-51

    8. Non-Stable Cores of Exchange Economies

      • Volker Böhm
      Pages 53-66

    9. Does Perfect Competition in Spatial Markets Maximize Welfare?

      • Martin J. Beckmann
      Pages 67-72

    10. Walras’ Theory of Capital Formation and the Existence of a Temporary Equilibrium

      • W. E. Diewert
      Pages 73-126

  3. Critique of Equilibrium Theory

    1. Front Matter

      Pages 127-127
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    2. Theories of General Economic Equilibrium and Maximum Efficiency

      • Maurice Allais
      Pages 129-201

    3. Towards a Neo-Austrian Theory of Exchange

      • Hanns Abele
      Pages 203-212

    4. Competitive and Controlled Price Economies: The Arrow-Debreu Model Revisited

      • Martin Shubik
      Pages 213-224

  4. Extensions of Equilibrium Theory — Imperfect Competition, Uncertainty, and Money

    1. Front Matter

      Pages 225-225
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    2. Equilibrium and Linear Complementarity — An Economy with Institutional Constraints on Prices

      • Terje Hansen, Alan S. Manne
      Pages 227-237

    3. Marketing Costs and Imperfect Competition in General Equilibrium

      • R. R. Cornwall
      Pages 239-254

    4. Oligopoly and its Macroeconomic Implications

      • A. R. G. Heesterman
      Pages 255-276

    5. Risk and Uncertainty. Their Importance for the Homogeneity of Demand and Supply Functions and the Dichotomy Between Real and Monetary Economies

      • Gerhard Tintner
      Pages 277-294
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Keywords

About this book

This volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth­ odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo­ retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob­ lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the meeting and editor of its proceedings I want to thank the Institute for Advanced Studies for providing facilities and funds. I am also sincerely grateful to all my colleagues from the Institute for their generous help, in particular to Mrs Monika Herkner without whose assistance and organizational talent the conference would certainly not have been the success it in fact - in the opinion of all participants - turned out to have been. Furthermore, I wish to express my gratitude towards all participants in the meeting and contributors to the volume whose patient support of the whole enterprise proved indispensable. To Mrs Elfriede Auracher I am deeply indebted for her skillful and effective general management of the editorial work and her invaluable assistance in compiling the indexes.

Editors and Affiliations

  • Institute for Advanced Studies, Vienna, Austria

    Gerhard Schwödiauer

Bibliographic Information

  • Book Title: Equilibrium and Disequilibrium in Economic Theory

  • Book Subtitle: Proceedings of a Conference Organized by the Institute for Advanced Studies, Vienna, Austria July 3–5, 1974

  • Editors: Gerhard Schwödiauer

  • Series Title: Theory and Decision Library

  • DOI: https://doi.org/10.1007/978-94-010-1155-6

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: D. Reidel Publishing Company, Dordrecht, Holland 1978

  • Hardcover ISBN: 978-90-277-0738-3Due: 31 December 1977

  • eBook ISBN: 978-94-010-1155-6Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: 792

  • Topics: Methodology of the Social Sciences

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