Andreu Mas-Colell has been doing pioneering work using differential topology in the analysis of general equilibrium. This work is regarded as outstanding and one of the major contributions to the development of rigorous economic theory in the last twenty years. The articles he has written have been difficult and technically demanding. In this book he brings this work together to show its scope and its power. He presents the analysis in a way which makes it accessible to the broader range of economic theorists and advanced students. This book has been long awaited as a seminal contribution to the subject.
• Author is pioneering authority in his field • Much-anticipated publication • Accessible to advanced students and economic theorists
1. Introduction; 2. Preferences, utility and demand; 3. Production; 4. Optimality and price equilibrium; 5. Anonymous, efficient allocations in continuum exchange economies; 6. Production economies; 7. Exchange economics with many traders; 8. Genericity analysis.
'This thorough and lucid account of the use of differential methods in general equilibrium theory since 1970 is the most important new book in mathematical economics in over a decade.' Journal of Economic Literature