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On the mathematical foundations of political economy

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  • Chichilnisky, Graciela

Abstract

Political economy views economic issues through the lens of political organisation. In today's world, it must focus on the roles of markets and of democracy, two concepts which are driving revolutionary changes in the political organisation of both Europe and Asia. There are two main paradigms for the analysis of markets and democracy, both of which have been mathematically advanced over a number of years: the general equilibrium theory of markets, and social choice theory, which examines practical aspects of democracy.' While it is true that political economy has made some limited use of the latter in order to examine political-economic issues of democracy, it has made little use of the former, the theory of market behaviour.

Suggested Citation

  • Chichilnisky, Graciela, 1990. "On the mathematical foundations of political economy," MPRA Paper 8123, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:8123
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    References listed on IDEAS

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    1. Findlay, Ronald & Kierzkowski, Henryk, 1983. "International Trade and Human Capital: A Simple General Equilibrium Model," Journal of Political Economy, University of Chicago Press, vol. 91(6), pages 957-978, December.
    2. Debreu, Gerard, 1976. "Regular Differentiable Economies," American Economic Review, American Economic Association, vol. 66(2), pages 280-287, May.
    3. Geanakoplos, John & Heal, Geoffrey, 1983. "A geometric explanation of the transfer paradox in a stable economy," Journal of Development Economics, Elsevier, vol. 13(1-2), pages 223-236.
    4. Donald J. Brown & Geoffrey Heal, 1979. "Equity, Efficiency and Increasing Returns," Review of Economic Studies, Oxford University Press, vol. 46(4), pages 571-585.
    5. Chichilnisky, Graciela, 1980. "Basic goods, the effects of commodity transfers and the international economic order," Journal of Development Economics, Elsevier, vol. 7(4), pages 505-519, December.
    6. Chichilnisky, Graciela, 1983. "The transfer problem with three agents once again : Characterization, uniqueness and stability," Journal of Development Economics, Elsevier, vol. 13(1-2), pages 237-247.
    7. Chichilnisky, Graciela, 1981. "Terms of trade and domestic distribution : Export-led growth with abundant labour," Journal of Development Economics, Elsevier, vol. 8(2), pages 163-192, April.
    8. Chichilnisky, Graciela, 1980. "Social choice and the topology of spaces of preferences," MPRA Paper 8006, University Library of Munich, Germany.
    9. Chichilnisky, Graciela, 1986. "A general equilibrium theory of North-South trade," MPRA Paper 8810, University Library of Munich, Germany.
    10. Lysy, Frank J., 1985. "Graciela Chichilnisky's model of North-South trade," Journal of Development Economics, Elsevier, vol. 18(2-3), pages 503-539, August.
    11. Chichilnisky, Graciela, 1990. "General equilibrium and social choice with increasing returns," MPRA Paper 8124, University Library of Munich, Germany.
    12. Brown, Donald J & Heal, Geoffrey M, 1983. "Marginal vs. Average Cost Pricing in the Presence of a Public Monopoly," American Economic Review, American Economic Association, vol. 73(2), pages 189-193, May.
    13. Chichilnisky, Graciela, 1991. "Development at the turn of our century," MPRA Paper 8133, University Library of Munich, Germany.
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    Cited by:

    1. Chichilnisky, Graciela, 1990. "Social choice and the closed convergence topology," MPRA Paper 8353, University Library of Munich, Germany.
    2. Chichilnisky, Graciela, 1994. "North-South trade, property rights and the dynamics of environmental resources," MPRA Paper 8415, University Library of Munich, Germany.
    3. Chichilnisky, Graciela, 1996. "Property rights and the dynamics of North-South trade, chapter 8," MPRA Paper 8514, University Library of Munich, Germany.
    4. Chichilnisky, Graciela, 1994. "Property rights and the dynamics of renewable resources in North-South trade, Chapter 1," MPRA Paper 8513, University Library of Munich, Germany.

    More about this item

    Keywords

    general equilibrium; Welfare Theorems; welfare; political economy; mixed economies; political economy agenda; social choice theory; mathematical modelling;

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • D60 - Microeconomics - - Welfare Economics - - - General

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