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Book synopsis

Finding Equilibrium explores the post-World War II transformation of economics by constructing a history of the proof of its central dogma--that a competitive market economy may possess a set of equilibrium prices. The model economy for which the theorem could be proved was mapped out in 1954 by Kenneth Arrow and Gerard Debreu collaboratively, and by Lionel McKenzie separately, and would become widely known as the "Arrow-Debreu Model." While Arrow and Debreu would later go on to win separate Nobel prizes in economics, McKenzie would never receive it. Till Düppe and E. Roy Weintraub explore the lives and work of these economists and the issues of scientific credit against the extraordinary backdrop of overlapping research communities and an economics discipline that was shifting dramatically to mathematical modes of expression.

Book details

Book category Books in English Economics, finance, business & management Economics Economic theory & philosophy

• Full title: Finding Equilibrium
• Author: Till Duppe
• Language: English
• Binding: Hardback
• Number of pages: 304
• EAN: 9780691156644
• ISBN: 0691156646
• ID: 02468069
• Publisher: Princeton University Press
• Weight: 558 g
• Dimensions: 237 × 161 × 24 mm
• Date of publishing: 21. July 2014

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