Note: I want you all to be highly critical of my posts on factor shares – and where you can throw literature at me. I wrote a bunch of posts in a single day based on one book (and some prior knowledge), I have no appeal to authority here and would love to have your ideas thrown in there 🙂
I was surprised that there was a chapter focused solely in general equilibrium – and not GE in general, but competitive, neo-classical, GE. I was especially surprised as such a model isn’t really “built” for distributional analysis – economists often say we need a different framework to do distributional work!
It is a neat chapter though, so let’s pop it in here 🙂 Read more