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Book Categories |
| Preface | ||
| I | Microeconomic Foundations of Macroeconomics | |
| Hahn on the Share of Wages in National Income | 3 | |
| Nominal Wage Setting and the Theory of Games | 19 | |
| Underemployment as a Coordination Problem with Savings and Increasing Returns | 43 | |
| Properties of Aggregate Saving in Overlapping-Generations Models | 67 | |
| Institutional Features of Unemployment Insurance and the Working of the Labor Market | 82 | |
| Production Fluctuations and Fiscal Policy in an Economy with Aggregate and Idiosyncratic Shocks | 107 | |
| Prices And Queues as Screening Devices in Competitive Markets | 128 | |
| II | Information and the Theory of Games | |
| Informational Equivalence of Signals | 169 | |
| Informational Efficiency of Search Equilibrium | ||
| Irrationality in Game Theory | 214 | |
| Rational Conjectural Equilibrium and Repeated Games | 228 | |
| Static Choice in the Presence of Unforeseen Contingencies | 258 | |
| Lexicographic Probabilities and Iterated Admissibility | 282 | |
| Understanding the Past in Order to Assess the Future: On Learning Equilibrium Price Processes | 291 | |
| Transfer Payments and the Core of a Profit-Center Game | 316 | |
| Credible Oil Supply Contracts | 340 | |
| The Existence of Perfectly Competitive Equilibrium a la Wicksteed | 370 | |
| III | Optimality and Equilibrium With Missing Markets | |
| The Value of Money in a Finite-Horizon Economy: A Role for Banks | 407 | |
| The Lucas Equation, Indeterminacy, and Non-Neutrality: An Example | 445 | |
| Three Observations on Sunspots and Asset Redundancy | 465 | |
| On the Aggregate Effects of Individual Risks | 475 | |
| The Optimum Quantity of Money Revisited | 501 | |
| On the Impossibility of Perfect Capital Markets | 527 | |
| Optimal Taxation of Identical Consumers When Markets Are Incomplete | 561 | |
| IV | Miscellany | |
| Educating Our Masters | 585 | |
| Risk Tolerances, Distributive Inequality, and Track Bettors' Equilibrium | 602 | |
| Poverty and Living Standards | 621 | |
| List of Contributors | 635 | |
| Index | 637 |
| Price | Condition | Delivery | Seller | Action |
| $99.99 | Digital |
| WonderClub |
Troy Heglund
reviewed Economic Analysis of Markets and Games: Essays in Honor of Frank Hahn on January 14, 2009
Economic Analysis of Markets and Games: Essays in Honor of Frank Hahn
Varoufakis set himself a very difficult task here, and his success is uneven. His goal is to provide an exposition and history of the basic concepts of neoclassical economics, and a criticism of them as well. For the most part, his exposition is excellent, and readers looking for an introductory critical perspective on neoclassical economics would do well to begin here (it is a bit more readable than Steve Keen's Debunking Economics, for example). However, the criticisms he provides, couched at the same level as the introduction, are too frequently "gotcha" jabs that would hardly withstand a serious response from neoclassicals. That's not to say there is nothing valuable here. The discussion and critique of welfare economics, in particular, is quite good. However, when it comes to marginal utility and production functions, Varoufakis' critique is quite shallow. Overall, a good introduction, but if you've already spent some time with critiques of economics, you may want to look elsewhere to broaden your foundation.
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