Results 11 to 20 of about 3,747 (220)
Marshall and Walras: Incompatible bedfellows? [PDF]
The European Journal of the History of Economic Thought, 2011 The standard view about the relationship between the Marshallian and the Walrasian approaches is that they are complementary to each other. My aim in this paper is to show that, on the contrary, they constitute alternative sub-research programmes within the wider neoclassical paradigm.
Michel DE VROEY
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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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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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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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, 2010 This text is to appear in a volume produced at the occasion of the 100th anniversary of Léon Walras death. The first part (introduction) answers one initial demand (to the solicited authors), i.e the evaluation of Walras influence on their own research and more generally on contemporary research.
Guesnerie, Roger
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A Comment on “Walras’ law in the context of pre-analytic visions: a note” by Arne Heise
Iberian Journal of the History of Economic Thought, 2016 La ley de Walras es central a la formación de la teoría económica. Para la economía ortodoxa, es un medio de comprobar el rigor y la consistencia de la construcción modelo; para los economistas heterodoxos, la refutación de la ley de Walras es clave para
Narciso Túñez Área
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Comment on H. Nicholas's Paper “What is the Problem with Neoclassical Price Theory?”
World Review of Political Economy, 2015 This comment shows that Walras, the central figure among the Neoclassical school founders, describes a comprehensive theory of production, capital and money; hence, Nicholas's main claims that “the Neoclassical approach has a fundamentally flawed view of
Ezra Davar
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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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, 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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Léon Walras, Irving Fisher and the Cowles Approach to General Equilibrium Analysis
Œconomia, 2021 This paper explores the relationship of Walras’s work to a particularly influential tradition of general equilibrium, that associated with the Cowles Commission for Research in Economics in Colorado in the 1930s and at the University of Chicago from 1939
Robert W. Dimand
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