Economics, Econometrics and Finance
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New economic theory promises efficient markets and improved welfare for all

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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
Truman F. Bewley

Paper Summary

The book explains general equilibrium theory in economics for students. It covers topics like economic efficiency, competitive equilibrium, and the Arrow-Debreu model. The book offers a unified approach to both macro- and microeconomic theory and includes problem sets for practice.

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