Heterodox
Thomas A. Boylan and Paschal F. O’Gorman’s paper “Kaldor on Debreu: The Critique of General Equilibrium Reconsidered” (2009) makes rewarding reading.Boylan and O’Gorman review Kaldor’s work on general equilibrium in, for example, Kaldor (1972) and (1985), in which Kaldor had argued that the repudiation of Walrasian general equilibrium theory, especially as newly expounded in the models of Debreu and others (e.g., see Debreu 1959), was a precondition for any proper and truly empirical...
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