Les cahiers du CREAD
Volume 15, Numéro 52, Pages 79-92
2000-06-03

General Equilibrium Under Rationality Hypothesis



Authors : Lôgueye Ahmadou .

Abstract

Mathematical economics is a very young science that has made much progress in these recent years and encompassing especially areas like the process of price formation, the theory of exchange, the theory of production, etc.,. Even this opinion is not going to be shared by all economists, at the present time, it can certainly be claimed, without overestimating the role played by the underlying mathematics, that this new method has already become an indispensable tool for formulating various areas of economic phenomena. It is not the purpose of this paper to discuss such questions more deeply. We only wish to point out the circumstances, which have been the principal stimulus to it.

Keywords

General equilibrium ,economy, ,free market,price,consumers,Walrasian theorem.

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