The general equilibrium theory is not the patent of western economics.

马克思的一般均衡理论内容摘要：一般均衡理论并不是西方经济学的专利。

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Abstract: the general equilibrium theory is not the patent of western economics.

内容摘要：一般均衡理论并不是西方经济学的专利。

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By assuming away some most important factors, the general equilibrium theory represents the economy as a mechanical system.

抽掉许多现实因素的一般均衡理论，将经济描述为一个机械系统。

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Sometimes the world works according to general equilibrium, but sometimes you need game theory.

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According to the ASU website, Professor Prescott has altered the course of macroeconomic thinking over the past three decades with his research that spans such areas as business cycles, economic development and general equilibrium theory and finance.

FORBES: Prof. Edward C. Prescott On China