Broadly speaking, general equilibrium tries to give an understanding of the whole economy using a "bottom-up" approach, starting with individual markets and agents. Therefore, … See more

Research building on the Arrow–Debreu–McKenzie model has revealed some problems with the model. The … See more

General equilibrium theory is a central point of contention and influence between the neoclassical school and other schools of economic thought, and different schools have varied views on general equilibrium theory. Some, such as the Keynesian and Post-Keynesian … See more

The modern conception of general equilibrium is provided by the Arrow–Debreu–McKenzie model, developed jointly by See more

Basic questions in general equilibrium analysis are concerned with the conditions under which an equilibrium will be efficient, which efficient … See more

Until the 1970s general equilibrium analysis remained theoretical. With advances in computing power and the development of See more

• General equilibrium theorists (category)
• Cobweb model
• Decision theory See more