Although general equilibrium theory originated in the
late nineteenth century, modern elaboration and
development of the theory began only in the 1930s and
1940s. This book focuses on the version of the theory
developed in the second half of the twentieth century,
referred to by Lionel McKenzie as the classical general
equilibrium theory. McKenzie offers detailed and
rigorous treatment of the classical model, giving
step-by-step proofs of the basic theorems. In many
cases he elaborates on the individual steps to give a
fuller understanding of the underlying principles. His
goal is to provide readers with a true mastery of the
methodology so that they can derive new results that
will further enrich their thinking about general
equilibrium theory. Special attention is given to the
McKenzie model, in which it is not assumed that the
number of firms is given but rather that technologies
or activities are available to any agents who can
supply the resources they require. The McKenzie model
is used to establish the turnpike theorems of optimal
and competitive capital accumulation.
%0 Book
%1 McKenzie2002
%A McKenzie, L. W.
%D 2002
%I MIT Press
%K imported
%T Classical General Equilibrium Theory
%X Although general equilibrium theory originated in the
late nineteenth century, modern elaboration and
development of the theory began only in the 1930s and
1940s. This book focuses on the version of the theory
developed in the second half of the twentieth century,
referred to by Lionel McKenzie as the classical general
equilibrium theory. McKenzie offers detailed and
rigorous treatment of the classical model, giving
step-by-step proofs of the basic theorems. In many
cases he elaborates on the individual steps to give a
fuller understanding of the underlying principles. His
goal is to provide readers with a true mastery of the
methodology so that they can derive new results that
will further enrich their thinking about general
equilibrium theory. Special attention is given to the
McKenzie model, in which it is not assumed that the
number of firms is given but rather that technologies
or activities are available to any agents who can
supply the resources they require. The McKenzie model
is used to establish the turnpike theorems of optimal
and competitive capital accumulation.
@book{McKenzie2002,
abstract = {Although general equilibrium theory originated in the
late nineteenth century, modern elaboration and
development of the theory began only in the 1930s and
1940s. This book focuses on the version of the theory
developed in the second half of the twentieth century,
referred to by Lionel McKenzie as the classical general
equilibrium theory. McKenzie offers detailed and
rigorous treatment of the classical model, giving
step-by-step proofs of the basic theorems. In many
cases he elaborates on the individual steps to give a
fuller understanding of the underlying principles. His
goal is to provide readers with a true mastery of the
methodology so that they can derive new results that
will further enrich their thinking about general
equilibrium theory. Special attention is given to the
McKenzie model, in which it is not assumed that the
number of firms is given but rather that technologies
or activities are available to any agents who can
supply the resources they require. The McKenzie model
is used to establish the turnpike theorems of optimal
and competitive capital accumulation.},
added-at = {2007-06-26T15:08:05.000+0200},
author = {McKenzie, L. W.},
biburl = {https://www.bibsonomy.org/bibtex/2feb755c626a60a4edd502f6cf15b77d1/gilles.daniel},
comment = {Review of the Classical General Equilibrium Theory},
interhash = {60e6b8ac21a3acc1e1d1fb7431e52935},
intrahash = {feb755c626a60a4edd502f6cf15b77d1},
keywords = {imported},
publisher = {MIT Press},
timestamp = {2007-06-26T15:08:06.000+0200},
title = {Classical General Equilibrium Theory},
year = 2002
}