Landmark Papers in General Equilibrium Theory, Social Choice and Welfare

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A collection of 36 previously published papers focusing on the mathematical modeling of a number of problems in economic theory, one of the most important being the relative possibilities of modeling whether social choices can be determined in a world of infinite economic choice or whether choice leads to impossibilities of resolving social preference. The papers, for the most part, take the work of Kenneth J. Arrow and G<'e>rard Debreu as a starting point and were published between 1934 and 1989. Annotation c. Book News, Inc., Portland, OR (
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Table of Contents

1 The Traditional Setting of the Pricing Problem, Perfect Foresight and Stationary Conditions 3
2 Uber die Produktionsgleichungen der Okonomischen Wertlehre 117
3 On Some Systems of Equations of Mathematical Economics 119
4 A Model of General Economic Equilibrium 155
5 Equilibrium Points in N-Person Games 164
6 The Role of Securities in the Optimal Allocation of Risk-bearing 165
7 On Equilibrium in Graham's Model of World Trade and Other Competitive Systems 171
8 Existence of an Equilibrium for a Competitive Economy 186
9 Some Examples of Global Instability of the Competitive Equilibrium 212
10 An Analysis of Markets with a Large Number of Participants 228
11 A Limit Theorem on the Core of an Economy 257
12 Markets with a Continuum of Traders 269
13 On the Computation of Equilibrium Prices 281
14 Competitive Equilibrium Under Uncertainty 305
15 Economies with a Finite Set of Equilibria 333
16 Market Excess Demand Functions 339
17 Information and Competitive Price Systems 354
18 A Characterization of the Optimality of Equilibrium in Incomplete Markets 362
19 On the "Law of Demand" 377
20 Equilibrium in Incomplete Markets I: A Basic Model of Generic Existence 400
21 Equilibrium in Incomplete Markets II: Generic Existence in Stochastic Economies 416
22 Real Indeterminacy with Financial Assets 434
23 The General Welfare in Relation to Problems of Taxation and of Railway and Utility Rates 453
24 A Reformulation of Certain Aspects of Welfare Economics 481
25 Welfare Propositions of Economics and Interpersonal Comparisons of Utility 506
26 An Extension of the Basic Theorems of Classical Welfare Economics 510
27 Two Concepts of External Economies 536
28 The Interpretation of Voting in the Allocation of Economics Resources 547
29 On the Rationale of Group Decision-making 569
30 Necessary and Sufficient Conditions for Rational Choice under Majority Decision 581
31 The Optimal Production of Social Justice 606
32 Discussion of Mr. Kolm's Paper 650
33 The Impossibility of a Paretian Liberal 654
34 Impossibility Theorems without Collective Rationality 660
35 Equity, Arrow's Conditions, and Rawls 679
36 Possibility Theorems with Interpersonally Comparable Welfare Levels 691
Name Index 703
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