Aggregate excess demand on wall street [PDF]
Heliyon, 2021 The rational investor behavior and news triggered price change assumed by the Efficient Market Hypothesis (EMH) could not explain most of asset price variances, suggesting the need for an alternative theory.
Qingyuan Han, Steve Keen
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A Growth Theory Based on Walrasian General Equilibrium, Solow-Uzawa Growth, and Heckscher-Ohlin Trade Theories [PDF]
Interdisciplinary Description of Complex Systems, 2018 The purpose of this study is to analyse the role of preferences and technological differences between countries in determining dynamics of capital accumulation, wealth and income distribution within countries and between countries, and patterns of trade ...
Wei-Bin Zhang
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A Study of the Role of Government in Income and Wealth Distribution by Integrating the Walrasian General Equilibrium and Neoclassical Growth Theories [PDF]
Interdisciplinary Description of Complex Systems, 2014 This paper proposes a growth model of heterogeneous households with economic structure, wealth accumulation, endogenous labour supply, and tax rates. The paper is focused on effects of redistribution policies on income and wealth distribution, economic ...
Wei-Bin Zhang
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A neoclassical growth model with endogenous birth and mortality rates [PDF]
Ekonomski Anali, 2021 This study examines dynamic interdependence between different socio-cultural groups’ birth rates, mortality rates, populations, wealth accumulation, and the allocation of time between work, leisure, and childcare.
Zhang Wei-Bin
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Business cycles in a general equilibrium dynamic model with land value and rent [PDF]
Ekonomski Anali, 2018 This study shows economic oscillations due to periodic changes in some parameters in the economic model proposed by Zhang (2014). This paper generalizes Zhang’s model by allowing all the time-independent parameters to be time dependent.
Zhang Wei-Bin
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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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Economic theories in competition: A new narrative of the debate on the General Economic Equilibrium theory in the 1930s [PDF]
Panoeconomicus, 2016 The paper deals with the debate on the General Economic Equilibrium (GEE) in the 1930s in Vienna and at the London School of Economics and offers an interpretation of it different from that of the traditional narratives.
Marchionatti Roberto, Mornati Fiorenzo
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Journal of the History of Economic Thought, 2023 This paper aims at understanding social practices and institutions which ensured the transnational diffusion, recognition and renewal of the research program in General Equilibrium Theory, in spite of multiple critics and apparent theoretical dead ends.
JHET Assistant +2 more
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The Passage of Time, Capital, and Investment in Traditional and in Recent Neoclassical Value Theory
Œconomia, 2017 With the shift from traditional analyses where capital is a single value factor of variable ‘form’ to the neo-Walrasian versions, general equilibrium theory has encountered new problems pointed out by P.
Fabio Petri
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Where are the frontiers of economics?
Управленец, 2022 It is of paramount importance for any researcher to be at the forefront of the chosen research field. The paper studies the phenomenon of the frontiers of science serving as the starting point for a scientist ascending to qualitatively new results ...
Evgeny P. Dyatel
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