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| Tekijä: | Morishima, M. |
| Otsikko: | General equilibrium theory in the twenty-first century |
| Lehti: | Economic Journal
1991 : JAN, VOL. 101:404, p. 69-74 |
| Asiasana: | EQUILIBRIUM THEORY FUTURE MACROECONOMICS MICROECONOMICS MODELS |
| Kieli: | eng |
| Tiivistelmä: | In trying to predict what the shape of economic theory will be in the twenty-first century, the author takes his time period the latter half of the century and limits his consideration to the field of General Equilibrium Theory /GET/. The purpose of GET is to qualify how social economy works. Models are constructed, and these are then strictly and rigorously subjected to theoretical analysis. GET elaborates at the microeconomic level, with the aim of supplying a microeconomic foundation to the macroeconomic vision. The history of GET models are briefly overviewed, and their findings are extrapolated toward the future. |
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