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Article: Revisiting the Notion of Equilibrium in Neoclassical Microeconomic Theory.(Statistical Data Included)(Brief Article)
- Article from:
- International Advances in Economic Research
- Article date:
- May 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Atlantic Economic Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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This paper poses a query: Is the notion of equilibrium, as developed in Frank Hahn's [1973] Cambridge inaugural lecture salvageable as a useful notion in the face of attack? The answer is "no." The sources for this negative response include not only my reaction, but a variety of damaging contributions to the literature, ...
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