## General Equilibrium Analysis: Studies in AppraisalA profound, innovative, and lively exploration of the nature of the theory at the very center of economics |

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### Contents

A general equilibrium model | 3 |

Classroom interlude I | 12 |

Appraisal | 27 |

Classroom interlude II | 34 |

General equilibrium analysis a survey of appraisals | 43 |

Part II | 57 |

The existence of a competitive equilibrium 19301954 | 59 |

Appraising general equilibrium analysis | 108 |

Classroom interlude III | 123 |

Part III | 137 |

An aside to methodologists | 139 |

Classroom interlude IV | 145 |

Mathematics and economics | 167 |

180 | |

187 | |

### Common terms and phrases

activity ADM model agents allocation appeared appraisal argued argument Arrow and Debreu Arrow-Debreu model assumption Aumann's axioms beef Blaug Cassel Chapter choice commodity competitive equilibrium concept conjecture convergence convex sets Cowles Commission defined demand functions developed discussion Econometric Econometric Society economic theory economists empirical equations equilibrium analysis equilibrium models equilibrium price equilibrium theory Ergebnisse existence of equilibrium falsifiable framework gains from trade Gerard Debreu growth of knowledge hard core hard-core proposition heuristic idea interpretation John von Neumann Keynesian Koopmans Lakatos Lakatos's Lakatosian mathe mathematical economics mathematician matical McKenzie measure spaces Menger methodologists Morgenstern MSRP neo-Walrasian program neoclassical neoclassical economics Neumann nomics optimization paper Pareto Pareto efficient philosophers of science predictions preferences present problem production progress proof protective belt question result Schlesinger scientific research programs sequence structure Student tatonnement Teacher theorem tion utility value theory vector Vienna Wald Wald's Walras Walrasian