267
Views
9
CrossRef citations to date
0
Altmetric
Articles

An unpleasant dilemma for contemporary general equilibrium theory

References

  • Arrow, K. (1959). Towards a Theory of Price Formation. In M. Abramovitz (Ed.), Allocation of Economic Resources. Stanford: Stanford University press.
  • Arrow, K. (1964). The Role of Securities in the Optimal Allocation of Risk-bearing. The Review of Economic Studies, 31(2): 91–6
  • Arrow, K. (1974). General economic equilibrium: Purpose, analytic techniques, collective choice. The American Economic Review, 64(3): 253–72.
  • Arrow, K. and Hahn, F.H. (1971). General Competitive Equilibrium Analysis. Amsterdam: North-Holland.
  • Boianovsky, M. (1998). Wicksell, Ramsey and the theory of interest. The European Journal of the History of Economic Thought, 5(1): 140–68.
  • Burmeister, E. (1980). Capital Theory and Dynamics. Cambridge: Cambridge University Press.
  • Cass, D. and Shell, K. (1983). Do sunspots matter. Journal of Political Economy, 91(21): 193–27.
  • Debreu, G. (1959). The Theory of Value: An Axiomatic Analysis of Economic Equilibrium. New Haven and London: Yale University Press.
  • De Vroey, M. (1998). Is the tâtonnement hypothesis a good caricature of market forces? Journal of Economic Methodology, 5(2): 201–21.
  • De Vroey, M. (2001). Friedman and Lucas on the Phillips curve: From a disequilibrium to an equilibrium approach. Eastern Economic Journal, 27(2): 127–48.
  • Fratini, S. and Levrero, S. (2011). Sraffian indeterminacy: A critical discussion. Cambridge Journal of Economics, 35(6): 1127--49.
  • Friedman, M. (1977). Nobel Lecture: Inflation and Unemployment. Occasional Paper 51. London: Institute for Economic Affairs.
  • Garegnani, P. (1970). Heterogeneous capital, the production function and the theory of distribution. Review of Economic Studies, 37(3): 407--36.
  • Garegnani, P. (2003). Savings, Investment and Capital in a System of General Intertemporal Equilibrium. In F. Hahn and F. Petri (Eds.), General Equilibrium: Problems and Prospects. London: Routledge.
  • Garegnani, P. (2012). On the present state of the capital controversy. Cambridge Journal of Economics, 36(5): 1417–32.
  • Hahn, F. (1970). Some adjustment problems. Econometrica, 38(1): 1–17.
  • Hahn, F. (1973a). On the Notion of Equilibrium in Economics. An Inaugural Lecture. Cambridge: Cambridge University Press.
  • Hahn, F. (1973b). The winter of our discontent. Economica, 40(159): 322–30.
  • Hahn, F. (1975). Revival of political economy: The wrong issues at the wrong argument. Economic Record, 51: 360--64.
  • Hahn, F. (1982a). Stability. In Arrow, K. and Intrilligator, M.D. (Eds.), Handbook of Mathematical Economics. Vol. II, Amsterdam: North Holland.
  • Hahn, F. (1982b). The neo-Ricardians. Cambridge Journal of Economics, 6: 353–74.
  • Hahn, F. (1984). Introduction. In F. Hahn (Ed.), Equilibrium and Macroeconomics. Oxford: Blackwell.
  • Hahn, F. (1984[1981]). General Equilibrium Theory. In F. Hahn (Ed.), Equilibrium and Macroeconomics. Oxford: Blackwell.
  • Hahn, F. (1984[1982a]). Reflections on the Invisible Hand. In F. Hahn (Ed.), Equilibrium and Macroeconomics. Oxford: Blackwell.
  • Hahn, F. (1984[1982b]). Why I am not a Monetarist. In F. Hhan (Ed.), Equilibrium and Macroeconomics. Oxford: Blackwell.
  • Hahn, F. (1987). Hahn Problem. In J. Eatwell, M. Milgate and P. Newman (Eds.), The New Palgrave: A Dictionary of Economics. 1st. ed., London: Macmillan.
  • Hahn, F. (1990). Expectations. In J. Hey and D. Winch (Eds.), A Century of Economics: 100 of the Royal Economic Society and the Economic Journal. Oxford: Basil Blackwell.
  • Hahn, F. (1991). History and Economic Theory. In K. Arrow (Ed.), Market and Welfare. Basingstoke: Macmillan.
  • Hahn, F. (1992). What Markets can and cannot do. In F. Hahn (Ed.), The Market Practice and Policy. Basingstoke: Macmillan.
  • Hahn, F. (2008). Auctioneer. In S. Durlauf and E. Blume (Eds.), The New Palgrave Dictionary of Economics. 2nd ed., London: Macmillan.
  • Hahn, F. and Solow, R. (1995). A Critical Essay on Modern Macroeconomic Theory. Cambridge, MA: MIT Press.
  • Hicks ([1939] 1946). Value and Capital. 2nd edition. Oxford: Clarendon Press.
  • Kirman, A. (2003). General Equilibrium: Problems and Prospects. An Attempt at Synthesis. In F. Hahn and F. Petri (Eds.), General Equilibrium: Problems and Prospects. London: Routledge.
  • Knight, F. (1931). Professor Fisher's interest theory: A case in point. The Journal of Political Economy, 39(2): 176--12.
  • Lucas, R. (1972). Expectations and the neutrality of money. Journal of Economic Theory, 4: 103–24.
  • Lucas, R. (1974). Equilibrium search and unemployment. Journal of Economic Theory, 7: 188–09.
  • Lucas, R. (1975). An equilibrium model of the business cycle. Journal of Political Economy, 86 (3): 1113–44.
  • Lucas, R. (1980). Methods and problems in business cycle. Journal of Money, Credit and Banking, 12(4): 696–15.
  • Lucas, R. (1986). Adaptive behavior and economic theory. The Journal of Business, 59(4): 401–26.
  • Lucas, R. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22: 3–42.
  • Lucas, R. and Sargent, T. (1981). After Keynesian Macroeconomics. In R. Lucas and T. Sargent (Eds.), Rational Expectations and Econometric Practice. Minnesota: Minnesota University Press.
  • Mandler, M. (2002). Classical and neoclassical indeterminacy in one-shot versus ongoing equilibria. Metroeconomica, 53(3): 203--22.
  • Mc Kenzie, L. (1986). Optimal Economic Growth, Turnpike Theorems and Comparative Dynamics. In K. Arrow and M. Intriligator (Eds.), Handbook of Mathematical Economics (Vol. III). Amsterdam: North Holland.
  • Muth, J. (1961). Rational expectations and the theory of price movements. Econometrica, 29(3): 315–35.
  • Petri, F. (1999). Professor Hahn on the “neo-Ricardian” Criticism of Neoclassical Economics. In G. Mongiovi and F. Petri (Eds.), Value, Distribution and Capital. Essays in Honour to P. Garegnani. London: Routledge. pp. 16–59.
  • Petri, F. (2003). A “Sraffian” Critique of General Equilibrium Theory, and the Classical-Keynesian Alternative. In F. Hahn and F. Petri (Eds.), General Equilibrium: Problems and Prospects. London: Routledge.
  • Petri, F. (2004). General Equilibrium, Capital and Macroeconomics: A Key to Recent Controversies in Equilibrium Theory. Cheltenham: Elgar.
  • Petri, F. (2009). On The Recent Debate on Capital Theory and General Equilibrium Contribution to the Festschrift in Honour of Professor Bertram Schefold. DEPS Working papers, Siena University, 568: 1–55.
  • Radner, R. (1982). Equilibrium under Uncertainty. In K. Arrow and M.D. Ntrilligator (Eds.), Handbook of Mathematical Economics. Vol. II, Amsterdam: North Holland.
  • Ramsey, F. (1928). A mathematical theory of saving. The Economic Journal, 38(152): 543--59.
  • Rodano, G. (1984). Walrasian equilibrium and rational expectations: A difficult coexistence. Metroeconomica, 36(1): 25–42.
  • Schefold, B. (2005). Zero wages – no problem? a reply to Mandler. Metroeconomica, 56(4): 503--13.
  • Smith, V. (1962). An experimental study of competitive market behavior. Journal of Political Economy, 70(2): 111–37.
  • Vercelli, A. (1991). Methodological Foundations of Macroeconomics: Keynes and Lucas. Cambridge: Cambridge University Press.
  • Wicksell, K. (1934). Lectures of Political Economy. London: Routledge.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.