The conflict between general equilibrium and the Marshallian cross
Asad Zaman, İsmail Sağlam
Abstract
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Asad Zaman, İsmail Sağlam
Abstract
Open-access reader
This paper illustrates on a simple model of production economy how the concept of partial equilibrium can be in an\nunresolvable conflict with the general equilibrium.
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This paper illustrates on a simple model of production economy how the concept of partial equilibrium can be in an\nunresolvable conflict with the general equilibrium.
Key concepts: Economics, General equilibrium theory, Mathematical economics, Neoclassical economics, Microeconomics