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Michael Allingham

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transcends the boundaries of economics, and exemplifies Allingham's interests as being 'in the core theoretical problems which lie at the intersection of philosophy and economics'. It explores what is meant by rationality, and how this may be characterized. His work in this area is also axiomatic: as
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again transcends the boundaries of economics. It considers what is meant by a just distribution of goods among members of society. Allingham develops the view that all theories of justice, or at least all liberal theories, may be seen as expressions of laissez-faire with compensations for factors
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that they consider to be morally arbitrary. His latest book has been described by a reviewer as 'a probing analytical comparison, by an economic theorist, of the major accounts dominating that literature ... meticulously isolating their respective strengths and weaknesses: a
116:, the founder of general equilibrium theory, claimed in 1854 that 'pure economics is, in essence, the theory of the determination of prices under a hypothetical regime of perfectly free competition'. Allingham's work is rooted in the Walrasian tradition: in his entry in 67:, where he 'read natural philosophy and then political economy'. From 1967 until 1977 he taught at various universities in the U.K. and the U.S.; from 1977 to 1993 he held the chair in economic theory at the 82:
rules, and was joint-owner of the winner of the 2002 Dewhurst Stakes, 'the single most significant two-year-old race in Europe'. He has been a Local Steward, and Racecourse Chairman, with the
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is 'the most prestigious economics of all'. In substance, it concerns the workings of the entire economy; in style, it is axiomatic and rigorous.
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notes, 'its treatment is abstract and axiomatic ... few concessions are being made to the uninitiated'.
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he refers to Walras's definition, and says that his own work may be seen as an extension of this.
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whose main work has been on equilibrium theory, choice theory, and distributive justice.
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This article is about the economist. For the cricketer, see
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Existence theorems in the capital asset pricing model,
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With bronze and charcoal (each by Lucy Stopford, 2017)
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Before moving to Oxford Allingham's main work was on
312:Second best and decentralization (with Archibald), 50:At Newmarket (oil on canvas by Sally Martin, 2000) 98:; while he was teaching at Magdalen it was on 8: 238:Routledge Library Editions: Psychoanalysis 151:Allingham is also the author of the novel 515:Choice Theory: A Very Short Introduction 298:Critical Ideas in Economics: Equilibrium 190:Choice Theory: A Very Short Introduction 568:"Theory of Markets | SpringerLink" 500:"Rational Choice Theory (5 volume set)" 336: 75:, where he is now an Emeritus Fellow. 540:"Rational Choice | SpringerLink" 456:"Amazon.co.uk : Allingham trust" 429:Bonner, 'Review of Rational Choice', 7: 666:Fellows of Magdalen College, Oxford 236:, 1987 (republished as Volume 1 in 102:; and subsequently it has been on 59:Michael Allingham was educated at 14: 216:, 1991 (translated into Italian) 554:"Arbitrage | SpringerLink" 395:(trans Jaffe), Irwin, 1954 (40) 321:The measurement of inequality, 260:Equilibrium and Disequilibrium 1: 380:Appraising Economic Theories 596:"Value | SpringerLink" 290:Equilibrium and stability, 687: 393:Elements of Pure Economics 324:Journal of Economic Theory 315:Journal of Economic Theory 110:General equilibrium theory 96:general equilibrium theory 20: 182:(editor, five volumes), 73:Magdalen College, Oxford 382:, Elgar, 1991 (508-509) 303:Tâtonnement stability, 281:Stability of monopoly, 194:Oxford University Press 65:University of Edinburgh 646:Rational Choice Theory 486:"Distributive Justice" 406:Who's Who in Economics 180:Rational Choice Theory 124:Rational choice theory 118:Who's Who in Economics 100:rational choice theory 51: 43: 230:Unconscious Contracts 49: 41: 636:Distributive Justice 443:Distributive Justice 431:The Economic Journal 170:Distributive Justice 141:Distributive justice 130:The Economic Journal 104:distributive justice 78:He has ridden under 404:Blaug and Sturges, 368:The Daily Telegraph 296:, 42 (reprinted in 254:General Equilibrium 408:, Wheatsheaf, 1983 267:Essential articles 248:Palgrave Macmillan 224:Palgrave Macmillan 214:Palgrave Macmillan 204:Palgrave Macmillan 69:University of Kent 52: 44: 525:978-0-19-280303-0 378:March and Blaug, 262:, Ballinger, 1973 256:, Macmillan, 1975 220:Theory of Markets 29:Michael Allingham 16:British economist 678: 626:Academic webpage 614: 613: 606: 600: 599: 592: 586: 585: 578: 572: 571: 564: 558: 557: 550: 544: 543: 536: 530: 529: 510: 504: 503: 496: 490: 489: 482: 476: 470: 464: 463: 452: 446: 440: 434: 427: 421: 415: 409: 402: 396: 389: 383: 376: 370: 365: 359: 353: 347: 341: 63:and then at the 686: 685: 681: 680: 679: 677: 676: 675: 656: 655: 641:Rational Choice 622: 617: 608: 607: 603: 594: 593: 589: 580: 579: 575: 566: 565: 561: 552: 551: 547: 538: 537: 533: 526: 512: 511: 507: 498: 497: 493: 484: 483: 479: 471: 467: 454: 453: 449: 441: 437: 428: 424: 418:Rational Choice 416: 412: 403: 399: 390: 386: 377: 373: 366: 362: 354: 350: 344:Rational Choice 342: 338: 334: 200:Rational Choice 161: 135:Rational Choice 92: 61:Lancing College 57: 26: 17: 12: 11: 5: 684: 682: 674: 673: 668: 658: 657: 654: 653: 648: 643: 638: 633: 628: 621: 620:External links 618: 616: 615: 601: 587: 573: 559: 545: 531: 524: 505: 491: 477: 465: 447: 435: 422: 410: 397: 384: 371: 360: 348: 335: 333: 330: 329: 328: 319: 310: 301: 288: 279: 269: 268: 264: 263: 257: 251: 241: 227: 217: 207: 197: 187: 177: 166: 165: 164:Academic books 160: 157: 146:tour de force' 91: 88: 56: 53: 23:Mike Allingham 15: 13: 10: 9: 6: 4: 3: 2: 683: 672: 671:Living people 669: 667: 664: 663: 661: 652: 649: 647: 644: 642: 639: 637: 634: 632: 631:Choice Theory 629: 627: 624: 623: 619: 611: 610:"Equilibrium" 605: 602: 597: 591: 588: 583: 577: 574: 569: 563: 560: 555: 549: 546: 541: 535: 532: 527: 521: 517: 516: 509: 506: 501: 495: 492: 487: 481: 478: 474: 469: 466: 461: 457: 451: 448: 444: 439: 436: 433:, 2001 (F540) 432: 426: 423: 419: 414: 411: 407: 401: 398: 394: 388: 385: 381: 375: 372: 369: 364: 361: 357: 356:Choice Theory 352: 349: 345: 340: 337: 331: 326: 325: 320: 317: 316: 311: 308: 307: 302: 300:, ed. 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Index

Mike Allingham
economist


Lancing College
University of Edinburgh
University of Kent
Magdalen College, Oxford
Jockey Club
Jockey Club
general equilibrium theory
rational choice theory
distributive justice
General equilibrium theory
Léon Walras
Rational choice theory
The Economic Journal
Distributive justice
Routledge
Routledge
Oxford University Press
Palgrave Macmillan
Palgrave Macmillan
Palgrave Macmillan
Routledge
Palgrave Macmillan
Econometrica
Econometrica
Econometrica
Econometrica

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