X-Nico

unusual facts about General equilibrium



Foundations of Economic Analysis

conclusions (on neoclassical theory from Walras to hints of the future in comparative dynamics, the comparative-statics counterpart of dynamic systems)


see also

Brouwer fixed-point theorem

In economics, Brouwer's fixed-point theorem and its extension, the Kakutani fixed-point theorem, play a central role in the proof of existence of general equilibrium in market economies as developed in the 1950s by economics Nobel prize winners Gérard Debreu and Kenneth Arrow.

DGE

Dynamic stochastic general equilibrium, a branch of applied general equilibrium theory in contemporary macroeconomics

General equilibrium theory

Anglo-American economists became more interested in general equilibrium in the late 1920s and 1930s after Piero Sraffa's demonstration that Marshallian economists cannot account for the forces thought to account for the upward-slope of the supply curve for a consumer good.

John Geanakoplos

Before the Late-2000s financial crisis, Geanakoplos was known primarily for his contributions to General equilibrium theory, particularly Incomplete markets in general equilibrium theory.

Warwick McKibbin

The McKibbin-Sachs Global Model is a global economic model developed originally in 1984 jointly with Jeffrey Sachs is a widely used intertemporal general equilibrium model of the world economy.