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The Econometric Society holds a World Congress every five years.
The program of these congresses has traditionally included a series
of invited symposia, where speakers survey important recent
advances in economic theory and econometrics. This volume, with its
focus on economic theory and its companion volumes on econometrics
contain papers delivered at the Fifth World Congress held in 1985.
Designed to make material accessible to a general audience of
economists, these articles should be helpful to anyone with
training in economics, who wishes to review past ideas and
tendencies in the subject. Advances in Economic Theory - Fifth
World Congress, edited by Professor Truman F. Bewley, includes a
wide variety of topics, comprising empirical and policy orientated
subjects as well as theoretical ones.
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