A Set of Axioms for Neoclassical Economics and the Methodological Status of the Equilibrium Concept

Arnis Vilks

Economics and Philosophy, 1992, vol. 8, issue 1, 51-82

Abstract: It is widely agreed that the concept of general equilibrium and, in particular, general equilibrium existence proofs play a central role within the neoclassical approach to economic theory. There is much less agreement, however, on the concepts of general equilibrium and of neoclassical economic theory themselves.

Date: 1992
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