Titlebook: Some Aspects of the Foundations of General Equilibrium Theory; The Posthumous Paper Jerry Green Conference proceedings 1978 Springer-Verlag

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he theses of contemporary sociology of science and the new philosophy of science has began to undermine the traditional image of science as a truth pursuing enterprise. The scientific community is represented as the reign of political bargaining and egotistic motivations. These two phenomena seem to

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Some Aspects of the Foundations of General Equilibrium TheoryThe Posthumous Paper

DEI

,Applications of Thom’s Transversality Theory and Brouwer Degree Theory to Economics,estricted to finite dimensional spaces in the sense that an economy is specified by a point of finite dimensional commodity space. Smale [20 ] extended this finite dimensional case to the case of allowing each agent’s utility function to vary arbitrarily for the same type model as Debreu [6].

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Illusion-Free Demand Behavior in a Monetary Economy: The General Conditions,sansky-Kalman and Grandmont, among others, the assumption of the absence of money illusion in aggregate demand behavior needs careful justification; it becomes necessary to impose further restrictions on the underlying miro-monetary framework. This paper reconsiders the microeconomic foundations of

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On Some Properties of Short-Run Monetary Equilibrium with Uncertain Expectations,ers. In these works, the expectations of future events taken as data of the system play an important role in determining the existence of a monetary equilibrium. Also at equilibrium, the price of money is positive although money has no intrinsic value for the current consumption.

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Conference proceedings 1978this matrix and its applications is given in Section 1. The study of these properties in economic theory, however, has so far been restricted to static models where the choice variable and the parameters are elements in Euclidean spaces, and where there is only one constraint.

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Comparative Statics of Less Neoclassical Agents,ies in both the objectives and the constraints. We study generic differentiability properties of the optimal solutions. We also give a generalized Slutsky type decomposition, and sufficient conditions on the objective and constraints for its symmetry and negative semidefiniteness.

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0075-8442 imization problem. This occurs in static as well as dynamic models; in the latter case the choice variables are often paths in certain function spaces and thus can be regarded as points in infinite dimensional spaces. It is sometimes possible to determine qualitative properties of the solutions with

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