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HET II Walras Part 3
Автор: CharlesNSteele
Загружено: 2020-03-24
Просмотров: 549
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History of Economic Thought II - In Part 3 of our lecture on the work of Leon Walras, Economist Charles N. Steele tackles the questions of existence, uniqueness, and stability of a general equilibrium. This takes us down the Rabbit's Hole when he considers "badly behaved" excess demand functions and that lead to non-existent or non-stable equilibria. He wraps up with a discussion of equilibration and the history of GE theory after Walras.
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