Georgescu-Roegen criticized this as merely being an exercise in math, citing as an example a paper that assumed more traders than there are real numbers.  The Sonnenschein-Mantel-Debreu theorem states that demand functions in these models can have ar
Georgescu-Roegen criticized this as merely being an exercise in math, citing as an example a paper that assumed more traders than there are real numbers.  The Sonnenschein-Mantel-Debreu theorem states that demand functions in these models can have arbitrary shapes. Arrow and Debreu introduced the modern "neo-Walrasian" ideas of how to build them.  These models posit that every goods market is embedded in a larger economy and so the supply and demand curves affect each other.  For 10 points - identify this branch of microeconomics concerned with determining levels of production, consumption, and prices for all commodities in an economy simultaneously.
Georgescu-Roegen criticized this as merely being an exercise in math, citing as an example a paper that assumed more traders than there are real numbers.  
general equilibrium theory (do not prompt on partial answer)