Frontmatter -- Contents -- Acknowledgments -- 1. Why Study General Equilibrium? -- 2. The General Equilibrium Model -- 3. Economic Efficiency -- 4. Competitive Equilibrium -- 5. The Welfare Theorems -- 6. The Kuhn-Tucker Approach to General Equilibrium Theory -- 7. Arrow-Debreu Equilibrium -- 8. Rational Expectations Equilibrium and the Permanent Income Hypothesis -- 9. Samuelson's Overlapping Generations Model -- 10. The One-Sector Growth and Diamond Overlapping Generations Models -- 11. A Critical Assessment -- References -- Index
Summary
This book presents an exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains discussions of economic efficiency, competitive equilibrium, the welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. It presents a unified approach to portions of macro- as well as microeconomic theory and contains problems sets for most chapters
Bibliography
Includes bibliographical references (pages 593-596) and index
