Prior to the publication of Keynes ' General Theory, mainstream economic thought was that the economy existed in a state of general equilibrium, meaning that the economy naturally consumes whatever it produces because the needs of consumers are always greater than the capacity of the economy to satisfy those needs.

Category: General equilibrium theorists

Category: General equilibrium theorists

Category: General equilibrium and disequilibrium

But this equation of Smith's invisible hand statement and the American-led neoclassical General equilibrium theory is obtained only by curtailing Smith.

The minority view is represented by Post Keynesian economists, all of whom accept Keynes ’ s fundamental critique of the neoclassical concept of long-run equilibrium, and some of whom think The General Theory has yet to be properly understood and repays further study.

Leontief is primarily associated with the development of the linear activity model of General equilibrium and the use of input-output analysis that results from it.

Category: General equilibrium theorists

General equilibrium models with many heterogeneous agents are much more complex, and are therefore still a relatively new field of economic research.

For neoclassical economists Smith ’ s central message is the Invisible hand mentioned deep in the books and seen as a proto-neoclassical statement of the neoclassical General equilibrium theory:

Category: General equilibrium and disequilibrium

# REDIRECT General equilibrium theory

Category: General equilibrium and disequilibrium

* General equilibrium and " scaling-up "

Category: General equilibrium theorists

Category: General equilibrium theorists

* General equilibrium

* General equilibrium

The Mathematical Programming System for General Equilibrium analysis ( MPSGE ) is a language used for formulating and solving Arrow – Debreu economic equilibrium models and exists as a subsystem within GAMS.

# REDIRECT General equilibrium theory

# REDIRECT General equilibrium theory

The appendix contains a thorough ( eight page ) two country General equilibrium derivation of the effect's size based on the BS-hypothesis across a continuum of industries, endogenously split between traded and non-traded production.

( see also General equilibrium ).

The concept and theory of Kolmogorov Complexity is based on a crucial theorem first discovered by Ray Solomonoff, who published it in 1960, describing it in " A Preliminary Report on a General Theory of Inductive Inference " as part of his invention of algorithmic probability.

General category theory, an extension of universal algebra having many new features allowing for semantic flexibility and higher-order logic, came later ; it is now applied throughout mathematics.

While the Politburo theory states indirectly that the Party Congress is a non-important process, another theory, the circular-flow-of-power theory assumed that the General Secretary was able to build a power base among the party's regional secretaries.

Specifically, neocolonialism refers to the theory that former or existing economic relationships, such as the General Agreement on Tariffs and Trade and the Central American Free Trade Agreement, created by former colonial powers were or are used to maintain control of their former colonies and dependencies after the colonial independence movements of the post – World War II period.

General relativity, or the general theory of relativity, is the geometric theory of gravitation published by Albert Einstein in 1916 and the current description of gravitation in modern physics.

General relativity is a metric theory of gravitation.

He extended his work on biological complexity into a general theory of systems in a book titled General Systems Theory.

The most widely-held theory is that the military designation of GP begat the term Jeep and holds that the vehicle bore the designation GP ( for Government Purposes or General Purpose ), which was phonetically slurred into the word jeep, in the same way that the contemporary HMMWV ( for High-Mobility Multi-purpose Wheeled Vehicle ) has become known as the humvee.

In 1991 he was awarded the Balzan Prize for Genetics and Evolution " For his powerful analysis of evolutionary theory and of the role of sexual reproduction as a critical factor in evolution and in the survival of species ; for his mathematical models applying the theory of games to evolutionary problems " ( motivation of the Balzan General Prize Committee ).

The General Staff blocked the entry of Douhet's theory into doctrine, fearing revenge strikes against German civilians and cities.

General relativity is a more exact theory than Newton's laws for calculating orbits, and is sometimes necessary for greater accuracy or in high-gravity situations ( such as orbits close to the Sun ).

Conciliar theory holds that the supreme authority of the church lies with a General Council, not with the pope.

General relativity, like electromagnetism, is a classical field theory.

** General relativity, Albert Einstein's theory of gravitation

General histories of Southern Africa are also valuable including Noel Mostert's " Frontiers " and a detailed account of the results from the Zulu expansion, J. D. Omer-Cooper's " The Zulu Aftermath ", which advances the traditional Mfecane theory.

With the modern foundations for a general theory of systems following the World Wars, Ervin Laszlo, in the preface for Bertalanffy's book Perspectives on General System Theory, maintains that the translation of " general system theory " from German into English has " wrought a certain amount of havoc ".

General relativity is a theory of gravitation developed by Einstein in the years 1907 – 1915.

General relativity ( GR ) is a theory of gravitation that was developed by Albert Einstein between 1907 and 1915, with contributions by many others after 1915.

In The General Theory, Keynes argued that neo-classical economic theory did not apply during recessions because of excessive savings and weak private investment in an economy.