He has published significant research in macroeconomics, especially monetary economics, international trade and general equilibrium theory.
The Edgeworth box is used frequently in general equilibrium theory.
"A remark on the equilibrium theory of the parametric pump."
He went to Princeton where he worked on his equilibrium theory.
His most extensive work has been in dynamic general equilibrium theory.
The equilibrium theory maintains that active forces cancel each other and produce a state of balance.
His principal interests were in general equilibrium theory, the history of economic thought, and capitalist economic systems.
Capital and Credit: A new formulation of general equilibrium theory, 1992.
Therefore, general equilibrium theory has traditionally been classified as part of microeconomics.
Other schools, such as new classical macroeconomics, developed from general equilibrium theory.