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What makes a market economy? : Schumpeter, Smith and Walras on the coordination problem [PDF]
, 2005 The tradition of modern political economy is founded upon attempts to show how a market economy of autonomous individuals can function smoothly in the absence of a central authority to coordinate economic activity.
Watson, Matthew
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Economia e Sociedade, 2012 O objetivo do artigo é apresentar criticamente as teorias do mercado de Adam Smith, Leon Walras e F. A. Hayek, sublinhando o que se considera terem em comum, ou seja, a ideia de mercado como expressão da ordem social capitalista.
Angela Ganem
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Complexity, Volume 2017, Issue 1, 2017., 2017 The energy domain is still dominated by equilibrium models that underestimate both the dangers and opportunities related to climate change. In reality, climate and energy systems contain tipping points, feedback loops, and exponential developments. This paper describes how to create realistic energy transition management models: quantitative models ...
Auke Hoekstra +3 more
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Classical Ergodicity and Modern Portfolio Theory
Chinese Journal of Mathematics, Volume 2015, Issue 1, 2015., 2015 What role have theoretical methods initially developed in mathematics and physics played in the progress of financial economics? What is the relationship between financial economics and econophysics? What is the relevance of the “classical ergodicity hypothesis” to modern portfolio theory? This paper addresses these questions by reviewing the etymology
Geoffrey Poitras +2 more
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El efecto Piccard y la construcción de la teoría Walrasiana del equilibrio
Lecturas de Economía, 2010 Durante más de diez años, León Walras luchó, en vano, por resolver el problema de cómo derivar curvas de demanda individual a partir de las curvas de utilidad de dos individuos.
Boris Salazar
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Ant Colony Optimization for Social Utility Maximization in a Multiuser Communication System
Mathematical Problems in Engineering, Volume 2013, Issue 1, 2013., 2013 In a multiuser communication system such as cognitive radio or digital subscriber lines, the transmission rate of each user is affected by the channel background noise and the crosstalk interference from other users. This paper presents an efficient ant colony optimization algorithm to allocate each user’s limited power on different channels for ...
Ming-Hua Lin +3 more
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Œconomia, 2011 According to Walras, political economy is both the presentation of what is and the program of what must be. In his analysis of general equilibrium, free competition appears as a self-regulating mechanism of wealth production.
Alain Béraud
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Discrete Dynamics in Nature and Society, Volume 2004, Issue 1, Page 213-220, 2004., 2004 We provide here a qualitative summary of the main ideas from econophysics and finance theory, starting with a thorough criticism of the standard ideas taught in typical economics textbooks. The emphasis is on the Galilean or physicists′ approach to market dynamics, as opposed to the standard nonempirical postulatory one.
Joseph L. McCauley, Cornelia M. Küffner
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A CIEN AÑOS DE LA MUERTE DE LEÓN WALRAS I: SOBRE SU OBRA ORIGINAL
Cuadernos de Economía, 2010 Este artículo es un viaje personal a través de la obra original de León Walras en el centenario de su muerte (1910). Se enfatiza en su modelo de equilibrio general bajo competencia perfecta, pero enmarcado por los criterios de elección de políticas ...
Sergio Monsalve
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As expectativas no pensamento dos autores marginalistas: Jevons, Menger e Walras
Revista Economia Política do Desenvolvimento, 2019 Neste artigo se investigará os autores marginalistas com a intenção de compreender o motivo de a História do Pensamento Econômico (HPE) não ter dedicado atenção ao estudo das expectativas em suas obras.
Leonel Leite Barros
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