a book
Theory of Value
Gerard Debreu · 1972 · 128 pages
"[This] beautiful and austere book . . . [is] an important landmark of economic theory."--F.H. Hahn, Journal of Political Economy
"An immortal classic of twentieth century economics. Every economist should own a copy."--Robert Lucas, University of Chicago
Theory of Value offers a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation.
"An immortal classic of twentieth century economics. Every economist should own a copy."--Robert Lucas, University of Chicago
Theory of Value offers a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation.
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Kaushik Basu
“My pick if I had to choose the 2 most original books in economics of the last 100 years. Debreu is like Euclid beautifully describing an entire economy one axiom at a time. Arrow is like Archimedes, discovering a stunning truth by nothing else but staring at reality & thinking.”↗