General Equilibrium Theory: An Introduction

By Ross M. Starr

Book Overview

General Equilibrium Theory: An Introduction presents the mathematical economic theory of price determination and resource allocation from elementary to advanced levels, suitable for advanced undergraduates and graduate students of economics. This Arrow-Debreu model (known for two of its most prominent founders, both Nobel Laureates) is the basis of modern price theory and of a wide range of applications. The new edition updates discussion throughout and expands the number and variety of exercises. It offers a revised and extended treatment of core convergence, including the case of non-convex preferences, and introduces the investigation of approximate equilibrium with U-shaped curves and non-convex preferences.

• Format: Hardcover
• Language: English
• ISBN: 0521826454
• ISBN13: 9780521826457
• Release Date: April 2011
• Publisher: Cambridge University Press
• Length: 380 Pages
• Weight: 2.05 lbs.
• Dimensions: 0.8" x 7.1" x 10.1"

Customer Reviews

It does what its title suggests

I base this review on only two sections of this book that I have read: Brouwer fixed point theorem and Kakutani fixed point theorem. I think It does what its title suggests. It really is a good introduction to General Equilibrium theory. I am surprised how carefully each proof in this book is constructed. . In fact, the reason I picked this book was that I was looking for a book that explains the proofs of these two fixed point theorem, as I had never studied it. I think it was a right decision that I chose to learn from this book. Each proof is very much in detail. At times I find it tedious, as the previous reviewer mentioned, to the degree that it is sloppy, especially the proof of Sperner's Lemma. Students who are slow at following proofs should find this book understandable. Another great motivation to buy this book is that its mathematical appendices are easy to understand. It should make a good supplement when one has to start learning Advanced Microeconomics by Mascolell's. Remark: This book is full of typos. Do not read it without having seen the errata unless you want to be confused.

Concise introduction to the mechanics of General Economics

This textbook is a concise technical introduction to the mechanics of General Equilibrium, one of two main branches of economic theory. The text does not cover this extensive field in all its capacity. Instead, we have a step-by-step construction of the main models presented with great care for details, so that the reader can learn precision, careful modeling and all necessary details. Moreover, it's useful for people who have difficulty proving theorems. There is a special bonus that might encourage you to buy the text. The fixed-point theorems are covered in a brilliant, really excellent way. There is no way around that tool in General Equilibrium, and while having difficulty with more sophisticated texts, I found Starr's book to be very helpful in this respect.