Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105740
Authors: 
Katzner, Donald W.
Year of Publication: 
2004
Series/Report no.: 
Working Paper, University of Massachusetts, Department of Economics 2004-10
Abstract: 
This paper argues that the abandonment of general equilibrium theory by microeconomists was a mistake. It provides counter arguments to two of the reasons for that abandonment — lack of both generality and consistency with methodological individualism in uniqueness and stability analysis of equilibria — and urges microeconomists to refocus some of their attention on it.
Subjects: 
general equilibrium theory
price determination
methodological individualism
JEL: 
D50
Document Type: 
Working Paper

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