achieve potential output, but due to equilibrium potential output having fallen and equilibrium unemployment having risen. Socialist economics Within socialist economics, a sustained critique of general equilibrium theory (and neoclassical economics generally) is given in Anti-Equilibrium, based on the experiences of János Kornai with the failures of Communist central planning, although Michael Albert and Robin Hahnel later based their Parecon model on the same theory. See also General equilibrium theorists (category) Cobweb model Decision theory Game theory Mechanism design Notes Further reading Microeconomic theories Welfare economics Game theory