The Base Camp Paradox: A Reflection on the Place of Tâtonnement in General Equilibrium Theory

Economics and Philosophy 6 (02):235- (1990)
Abstract
A basic issue in political economy is the question of how a decentralized economy is possible: How can a system survive and, moreover, be efficient, if all decisions are taken independently, that is, without any explicit coordination? The issue has two sides to it. On the one hand, it is a “thought experiment,” falsifiable only on logical grounds, an object of debate for the sake of pure intellectual interest, even for people who might not live in a market economy. On the other hand, for those who do or might live in such an economy, a thought experiment of this kind contains a critical political dimension, for the conclusions derived from it will usually be appealed to in arguing about the ideal organization of the economy
Keywords No keywords specified (fix it)
Categories (categorize this paper)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 13,997
External links
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA
Citations of this work BETA

No citations found.

Similar books and articles
Analytics

Monthly downloads

Added to index

2010-08-10

Total downloads

7 ( #262,027 of 1,696,446 )

Recent downloads (6 months)

1 ( #339,107 of 1,696,446 )

How can I increase my downloads?

My notes
Sign in to use this feature


Discussion
Start a new thread
Order:
There  are no threads in this forum
Nothing in this forum yet.