Economics · History of General Equilibrium Theory
Arrange the following economists in CORRECT CHRONOLOGICAL ORDER of their contributions to General Equilibrium theory (earliest to latest): A. Léon Walras - tâtonnement and general equilibrium B. Kenneth Arrow and Gérard Debreu - existence proof of competitive equilibrium C. Paul Samuelson - correspondence principle and stability D. Vilfredo Pareto - Pareto optimality conditions E. Abba Lerner - Lerner conditions for efficiency Choose the correct order:
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- 1A → C → D → B → E
- 2A → D → E → C → B✓
- 3D → A → E → C → B
- 4A → D → C → E → B
Correct answer
A → D → E → C → B
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