Translating Economic Essence of the Independence Axiom into a General Equilibrium Mathematical Condition

2021 ◽  
Author(s):  
Oghenovo A. Obrimah
2010 ◽  
pp. 39-55
Author(s):  
M. Ellman

This article is an overview of the contribution made by economic Sovietology to mainstream economics. The long debate about the universal applicability of mainstream economics is reconsidered in the light of the Soviet experience. Information is provided on the contribution of the study of the Soviet economy to fields as diverse as the measurement of economic growth, institutional economics, economic administration, the economics of property rights, the economics of the informal sector, the economics of famines, the Austrian critique of general equilibrium theory, and incentives.


2010 ◽  
pp. 4-23 ◽  
Author(s):  
K. Arrow

The article considers the evolution of some branches of modern economic theory from the perspective of the authors biography as a scientist and his professional formation. It describes problems of econometrics, general equilibrium theory, uncertainty, economics of information, and growth. It is shown how different authors representing various fields came to similar conclusions simultaneously and independently, what were the problems, in response to which economists of the second half of last century developed their theories, and what were the contexts of such development.


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