Lecture 2 in “Becoming an Economist” at Kingston University

Summary:
Becom­ing an Econ­o­mist is the intro­duc­tory course on eco­nom­ics for under­grad­u­ates at Kingston Uni­ver­sity. This is the second of 11 lec­tures in the sub­ject; I’ll post the oth­ers as I write them over the next few months. This lec­ture dis­cusses why the Mainstream approach, starting from the fundamental question Walras posed "Can a system of free markets reach a set of prices that ensures that supply equals demand in all markets?" The answer was "No", but that didn't stop the "Equilibrium Fetish Jug­ger­naut” that Wal­ras unleashed. [embedded content] This is the Pow­er­point file for the lecture.

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