John Roberts on Hugo F. Sonnenschein

John Roberts

Chapter 2 in Foundations in Microeconomic Theory, 2008, pp 33-53 from Springer

Abstract: Abstract One of Hugo’s most lasting lessons for me was the crucial importance when doing theory of getting the foundations straight and strong. The paper that follows, “An Equilibrium Model with Involuntary Unemployment at Flexible, Competitive Prices and Wages” (Roberts 1987b), is an attempt to be careful about foundations in the context of a model of a whole economy. It grew out of work that Hugo and I had done a decade earlier.

Keywords: Full Employment; Market Clearing; Imperfect Competition; Walrasian Equilibrium; Output Order (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/978-3-540-74057-5_4

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