Links

Krugman on comparative advantage.
The Relevance of the Two-Sector Production Model in Trade Theory, Jones and Sheinkman .
A great article on the Core. This is an important welfare economics and cooperative game theory concept that we would cover if we had time.
Cowles Commission Monographs: These are some of the great research monographs in the early history of modernn economic theory. These texts are classic, full of insight, and accessible. Take a look.
- Koopmans, Tjalling, ed., Activity Analysis of Production and Allocation. One of the great texts of economic analysis. A key text on linear economic models and convex analysis.
- Hood and Koopmans, ed., Studies in Econometric Method. Theory is interesting only to the extent that it helps us to organize data. Several papers in this volume are foundation papers for contemporary econometrics. I particularly recommend Marschak's paper, chapter 1, which discusses what it could mean for a model to be "structural".
- Gerard Debreu, Theory of Value. Everyone with a serious interest in general equilibrium and its applications should read this book.
- Herbert Scarf, The Computation of Economic Equilibrium. A good introduction to this important subject.
What can we learn from trade theory? In Business Week.
The difference between partial and general equilibrium theory, by Bob Frank. Here he gets it wrong. See if you can fix it.
The National Academy of Science on auctions.
The National Academy of Science on matching.
Notes on correspondences. These notes are by Kim Border. They are advanced, but very clear. Kim has other notes on his web page that you might find useful.
My notes on linear programming≥

General equilibrium theory from the horse's mouth

Four lectures on general equilibrium theory from the ground up by Gerard Debreu at Canterbury NZ: 1, 2, 3, 4.

How not to do GE

Willem Buiter, The unfortunate uselessness of most 'state of the art' academic monetary economics.

David Levine on Expectations in Equilibrium

David Levine argues for the virtues of rational expectations modeling strategies in the Huffington Post, where everyone goes for economic theory.

Externalities

This article on climate change by Paul Krugman provides an excellent low-level introduction to externalities. Those interested in this would do well to follow up with Cornes and Sandler's The Theory of Externalities, Public Goods and Club Goods.

Von Neumann gets E. coli

The von Neumann expanding economy model has many intereting applications, including the modelling of metabolic networks in cells. Particularly interesting is the idea of a statistical mechanics of von Neumann models.

Interspecies Carbon Trading - A GE Opportunity

Interesting work by forest ecologist Suzanne Simard: Net transfer of carbon between ectomycorrhizal tree species in the field, Nature 388 (1997), pp. 579 - 582. A later survey on this topic is Mycorrhizal networks: Mechanisms, ecology and modelling, Fungal Biology Reviews 26 (2012), pp. 39 - 60.

Decision Theory

I don't think it is a good idea to write a thesis in decision theory, but if you have interests in this area, you will want to look at Peter Wakker's bibliography, a superb source for the literature.

What I think Theorists Should be Doing

Some thoughts on general equilibrium theory and welfare economics from an interview at the University of Chicago.

Last Modified: <2025-01-29 19:24:28>