The Public Interest

General Equilibrium Theory

Frank Hahn

Special Edition 1980

In decentralized economies a large number of individuals make economic decisions which, in the light of market and other information, they consider most advantageous.  They are not guided by the social good, nor is there an overall plan in the unfolding of which they have preassigned roles.

Download a PDF of the full article.

Download

Insight

from the

Archives

A weekly newsletter with free essays from past issues of National Affairs and The Public Interest that shed light on the week's pressing issues.

advertisement

Sign-in to your National Affairs subscriber account.


Already a subscriber? Activate your account.


subscribe

Unlimited access to intelligent essays on the nation’s affairs.

SUBSCRIBE
Subscribe to National Affairs.