General Equilibrium Theory has been one of the major intellectual
developments in economics during the past half-century. The theory
of general equilibrium is centred on an inquiry about human
societies which has several of the characteristics of a fundamental
scientific question. In an economy, a multitude of agents produce,
exchange, and consume a large number of commodities. Their
decisions are independent of each other and dictated by
self-interest. Attempting to answer the question 'Why is social
chaos not the result?' has required an intensive research effort by
several generations of leading economists.This important three
volume set gathers together many of the articles that have played
an influential role in the history of ideas in the general
equilibrium area in the contemporary period.
General
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