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Theory of Value: An Axiomatic Analysis of Economic Equilibrium (Cowles Foundation Monographs Series)
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Top Customer Reviews
The main text covers the Arrow-Debreu-McKenzie-model and its interpretation, proves its logcial consistency (existence) and investigates its efficiency properties. The formal model is clearly distinguished from its interpretation, which allows Debreu to introduce uncertainty in the model by a simple reinterpretation of the commodity space. The whole approach is axiomatic, which wasn't that usual when Debreu wrote the book in 1959. This book has changed the standards of mathematical rigor in economic theory.
This book is still used as a reference and deserves a place on every economic theorists bookshelf.
Most Recent Customer Reviews
This is the seminal work that collected the mathematical advances applied in economics. It is a delicious little book in the sense that it achieves to exhaust superficially the... Read morePublished 14 months ago by J. Rogelio
Well, this book ,which was introduced to me by my microeconomic theory lecturer, is a perfect example for the basics of microconomic theory. Read morePublished on November 8, 2007 by Hakan Peker