The highly mathematical nature of the Arrow-Debreu and other similar models of general equilibrium hide rather than elucidate the nature of equilibrium in a private property market economy where all factors of production may be purchased or rented.

July 15, 2020 by admin

The highly mathematical nature of the Arrow-Debreu and other similar models of general equilibrium hide rather than elucidate the nature of equilibrium in a private property market economy where all factors of production may be purchased or rented.

Filed Under: Main Blog, Property Theory Tagged With: Arrow-Debreu model, General equilibrium theory, neo-classical economics

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