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2006 | 53 | 2 | 175-194

Article title

The Arrow-Debreu Model and Kornai's critique, thirty years after.

Authors

Title variants

Languages of publication

HU

Abstracts

EN
More than thirty years have passed since János Kornai's book 'Anti-Equilibrium' appeared. This was the first work in international literature to criticize comprehensively the general theory of equilibrium, moreover through the value theory of Debreu and the Arrow-Debreu Model. The sharpest reaction to the criticism came from Frank H. Hahn, and Kornai returned to this in his recent autobiography. This article reconstructs the main points in the Kornai-Hahn debate, including its antecedents in the history of theory, and examines the validity of the criticisms and ripostes. It will be seen that Hahn's objections have not been endorsed in every respect by the latest economic theories.

Year

Volume

53

Issue

2

Pages

175-194

Physical description

Document type

ARTICLE

Contributors

author
  • J. Moczar, no address given, contact the journal editor

References

Document Type

Publication order reference

Identifiers

CEJSH db identifier
07HUAAAA02986110

YADDA identifier

bwmeta1.element.42d854c5-47ef-3ef4-999a-feb31297c0d1
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