Results 61 to 70 of about 708 (178)
On the instability of competitive equilibrium: a further example [PDF]
It is shown that a Walrasian price adjustment process fails to converge to an equilibrium in an exchange economy with three consumers and three commodities, where each consumer has a quasilinear utility function, desires only two commodities, and demands
Junichi Minagawa
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Imperfectly Competitive Cycles with Keynesian and Walrasian Features [PDF]
We consider a multi-sector overlapping generations model with imperfectly competitive firms in the output markets and wage setting trade unions in the labour markets.
Madden, Paul, Kaas, Leo
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Transaction Entropy: An Alternative Metric of Market Performance. [PDF]
Entropy (Basel), 2023 Zhong H, Liang X, Wang Y.
europepmc +1 more source
On the Recent Debate on Capital Theory and General Equilibrium [PDF]
The paper disputes the negative conclusion of prof. Mandler on the thesis by Garegnani, Schefold, Parrinello that intertemporal general equilibrium theory too is undermined by reswitching and reverse capital deepening.
Fabio Petri
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Walrasian equilibrium behavior in nature. [PDF]
Proc Natl Acad Sci U S A, 2021 Loch-Temzelides T.
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The History of Macroeconomics Viewed Against the Background of the Marshall-Walras Divide [PDF]
Analysing the recent history of macroeconomics, my paper claims that the new classical revolution should be viewed as a substitution of Walrasian macroeconomics to the earlier prevailing Marshalian macroeconomics. The first part of the paper is concerned
Michel, DE VROEY
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Getting Rid of Keynes ? A reflection on the history of macroeconomics [PDF]
The aim of this paper is to give an account of the unfolding of macroeconomic from Keynes to the present day. To this end I shall use a grid of analyses resulting from the combination of two distinctions.
Michel, DE VROEY
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General Theorizing and Historical Specificity in the 'Keynes Versus the Classics' Dispute. [PDF]
East Econ J, 2021 Togati TD.
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Janos Kornai and General Equilibrium Theory [PDF]
, 2017 This paper explores the evolution of Kornai's thought on General Equilibrium Theory (GET) and his position on mainstream economics. Three moments in this evolution will be highlighted starting by rejecting GET and advocating disequilibrium in Anti ...
Vahabi, Mehrdad, Mehrdad Vahabi
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Marshall and Walras : Incompatible Bedfellows ? [PDF]
The standard view about the relation 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 programs within the ...
Michel DE VROEY
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