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General Equilibrium Analysis: Its Meaning, Purposes and Limitations

In: General Equilibrium Economics

Author

Listed:
  • Robert E. Kuenne

    (Princeton University)

Abstract

The need for scientific analysis springs from a fundamental bias of our natural and social environment against sameness and constancy. Physical objects that are similar in specified attributes will vary among themselves in the exact degree to which they possess such attributes. Static variation of this type is compounded with dynamic variation — or change — in the same object’s attributes over time. The ubiquity of variation, manifest in the very triviality of its assertion, forces upon man, individually and collectively, a concern for its patterns. Upon his ability to accept and shape them to his ends in a nonintuitive fashion is based his sanity and his survival.

Suggested Citation

  • Robert E. Kuenne, 1992. "General Equilibrium Analysis: Its Meaning, Purposes and Limitations," Palgrave Macmillan Books, in: General Equilibrium Economics, chapter 6, pages 127-171, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12752-8_7
    DOI: 10.1007/978-1-349-12752-8_7
    as

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