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Is “Walras' Law” Really Walras's Original Law? [PDF]
World Review of Political Economy, 2012 This article shows that “Walras' Law,” which is one of the crucial foundations of modern economic theory as formulated by Lange, and modified by the modern authors, differs essentially from Walras's own original laws.
Ezra Davar
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, 2016 Knightian uncertainty leads naturally to nonlinear expectations. We introduce a corresponding equilibrium concept with sublinear prices and establish their existence. In general, such equilibria lead to Pareto inefficiency and coincide with Arrow--Debreu equilibria only if the values of net trades are ambiguity--free in the mean.
Beißner, Patrick, Riedel, Frank
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Reaching Cournot-Walras Equilibrium [PDF]
ESAIM: Proceedings and Surveys, 2017 Considered here is repeated interaction among economic agents. These must share privately held user rights to diverse production factors. The disparate features of the resulting economy motivate a solution concept which blends Cournot/Nash equilibrium ...
Flåm S. D., Gramstad K.
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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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Forces, faiblesses et paradoxes de la théorie monétaire de Walras
Revue Interventions Économiques, 2023 The aim of this article is to study Walrasian money theory in the light of Cartelier's general criticism of standard theory, which justifies his direct monetary approach to the economy.
Nicolas Piluso
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A Critical Analysis of the Origin and Nature of Classical Mathematical Economics: Why Classical Economists Did Not Use Mathematics? [PDF]
International Journal of Business and Development Studies, 2014 The role of mathematics in economic analysis is not yet a settled question. Smith, Ricardo, Mill and other eminent classical economists did not use mathematics in their economic theorizations. We have defined classical mathematical economics as the whole
Masoud Derakhshan
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Iberian Journal of the History of Economic Thought, 2020 This paper compares Léon Walras’ and Augustin Cournot’s views on monetary regulation. It shows that whereas Cournot believed discretionary monetary regulation to be convenient and acceptable, Walras held that the only acceptable monetary system is based ...
Andrés Álvarez
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Walras, Musgrave et l’hétérogénéité entre les biens publics et les biens privés
Œconomia, 2021 Léon Walras (1834-1910) and Richard A. Musgrave (1910-2007) both argued that the state was providing public goods that were not directly demanded by individuals.
Maxime Desmarais-Tremblay
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Economic Dictionaries on the Web
Hermes, 2013 This paper surveys the economic dictionaries available on the internet, both for free and on subscription, addressed to various kinds of audiences from schoolchildren to research students and academics.
Daniele Besomi
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Walras avait-il raison de critiquer Dupuit ?
Œconomia, 2011 We are well aware of Walras’ hostility against Dupuit’s concept of surplus. The reasons for this hostility may be primarily psychological or ideological, not to mention Walras’ difficulty to understand the ideas of others.
François Etner
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