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The conflict between general equilibrium and the Marshallian cross

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  • Zaman, Asad
  • Saglam, Ismail

Abstract

This paper illustrates on a simple model of production economy how the concept of partial equilibrium can be in an unresolvable conflict with the general equilibrium.

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File URL: http://mpra.ub.uni-muenchen.de/33256/
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File URL: http://mpra.ub.uni-muenchen.de/40275/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 33256.

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Date of creation: Sep 2010
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Handle: RePEc:pra:mprapa:33256

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Keywords: Demand curve; Partial equilibrium; General equilibrium;

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  1. Steedman, Ian, 1988. "Sraffian Interdependence and Partial Equilibrium Analysis," Cambridge Journal of Economics, Oxford University Press, vol. 12(1), pages 85-95, March.
  2. Frederic Lee & Steve Keen, 2004. "The Incoherent Emperor: A Heterodox Critique of Neoclassical Microeconomic Theory," Review of Social Economy, Taylor & Francis Journals, vol. 62(2), pages 169-199.
  3. Kane, John, 1997. "Myth and measurement: The new economics of the minimum wage : David Card and Alan B. Krueger, New Jersey: Princeton University Press, 1995, x + 422," International Review of Economics & Finance, Elsevier, vol. 6(2), pages 219-222.
  4. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680, September.
  5. A. Cohen & G. Harcourt., 2009. "Whatever Happened to the Cambridge Capital Theory Controversies?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
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