Issues in Contemporary Economics

1. Front Matter

   Pages i-xxv

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2. The Plenary Papers

   1. Front Matter

      Pages 1-1

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   2. Presidential Address: The Nature of Inequality

      • Amartya Sen

      Pages 3-21

   3. Basic Income Schemes and the Lessons from Public Economics

      • Anthony B. Atkinson

      Pages 22-38

   4. Economic Restructuring in the USSR and International Economic Relations

      • Abel G. Aganbegyan

      Pages 39-49

   5. The Mechanisms of Social Integration: The Role of the Market

      • Zsusza Ferge

      Pages 50-66

   6. History and Economic Theory

      • Frank Hahn

      Pages 67-74

   7. Monitoring the Economic and Social Weather in the Philippines

      • Mahar Mangahas

      Pages 75-90

3. Markets in Equilibrium

   1. Front Matter

      Pages 91-91

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   2. General Equilibrium in an Imperfect World: Incomplete Markets

      • Frank Hahn

      Pages 93-114

   3. Comment

      • Roger Guesnerie

      Pages 115-120

   4. Microeconomic Foundations and Properties of a Macroeconomic Model with Imperfect Competition

      • Jean-Pascal Bénassy

      Pages 121-138

   5. The ‘Folk Theorem’ and Continuous Reaction Functions: A Synthesis

      • James W. Friedman

      Pages 139-159

   6. Price Dispersion: Theoretical Considerations and Empirical Evidence from the Marseilles Fish Market

      • Alan Kirman, Annick Vignes

      Pages 160-185

   7. Information and Regulation

      • Jean-Jacques Laffont

      Pages 186-197

   8. Equilibrium and Rationality: Context and History-Dependence

      • Jean-François Mertens

      Pages 198-211

4. Welfare and Social Choice

   1. Front Matter

      Pages 213-213

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   2. Alternative Approaches to Libertarian Rights in the Theory of Social Choice

      • Kotaro Suzumura

      Pages 215-242

   3. The Normative Economics of Unanimity and Equality: Equity, Adequacy and Fundamental Dominance with Applications to Matchings and Wages

      • Serge-Christophe Kolm

      Pages 243-286

   4. A Solution to the Problem of Mass Elections

      • Bezalel Peleg

      Pages 287-294

This book, with an overview introduction by Kenneth J.Arrow, is the first volume of the proceedings of the World Economic Congress held in Athens, Greece, in August/September 1989 under the auspices of the International Economic Association. It contains in Part 1 lectures from the plenary session by distinguished world economists. Part 2 contains surveys and reflections on various aspects of markets in equilibrium. Part 3 is concerned with normative criteria for economic policy within the framework of welfare and social choice theory.

• competition
• economic policy
• economic theory
• foundation
• general equilibrium
• incomplete markets
• inequality
• information
• integration
• International Economic Relations
• microeconomics
• regulation
• science and technology
• social choice
• welfare

Policies and ethics