Theory of Value: An Axiomatic Analysis of Economic Equilibrium

by Gerard Debreu

"[This] beautiful and austere book . . . [is] an important landmark of economic theory."—F.H. Hahn, Journal of Political Economy
  "An immortal classic of twentieth century economics. Every economist should own a copy."—Robert Lucas, University of Chicago
Theory of Value offers a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation. 

Genres: Economics, Mathematics

128 pages, Paperback

First published September 10, 1972

About the author

Mathematical economist.

Reviews

[Yudhister · Rating 3 out of 5]

particularly liked the axiomatic approach to the economy with regards to proving the existence of equilibria and market optima. it really brings to light exactly which assumptions are necessary for much of our understandings of efficient markets to work. there are some interesting connections between e.g. assuming production set additivity and its interpretation as referring to industries where there are no barriers to entry for different firms. describing private ownership economies was pretty interesting as well. much of the book is proofs, which are maybe worth reading once but perhaps not again

i now understand why economists learn analysis

[Leonardo · Rating 4 out of 5]

Para topología lo leí punta a punta, y lo resumí, sobre todo los capítulos 4, 5 y 6 (si no me equivoco: consumidor, productor, equilibrio). Cuando logré entenderlo, me gustó. (no había hecho ni micro1!!)

[Edward · Rating 4 out of 5]

Only for mathematical economists, but essential for them.

[Jordan]

Hilariously compact. The math here is elegant and the framings are amazing if not a little abstracted, but such is the nature of mathematical economics. Read at your peril without set theory and/or advanced microeconomic fundamentals.

[Cyprien Saito · Rating 4 out of 5]

Readable English textbook for elementary students in topology. For homework, probably.

[Lucille Nguyen · Rating 5 out of 5]

The classic axiomatic treatment of economic activity, defining general equilibrium and agent behavior in maximization terms. Surprisingly accessible for being a mathematical economics text.

[Ferran Barcelona · Rating 5 out of 5]

The book on economic theory I have liked the most.
Very synthetised analysis, mathematically rigourous.
For me, the Bible in Economics.