Disputing Ronald Jones’s General Equilibrium

Disputing Ronald Jones’s General Equilibrium

$3.33

Ronald Jones uses two quantity equations to solve for a quantity equilibrium, and two price equations to solve for a price equilibrium. From these two price and quantity equilibria, he claims to achieve a country’s general equilibrium. Furthermore, with two unrelated country equilibria, he claims to achieve trade equilibrium. That is an ambition too large.

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