Donzelli, Franco - Dipartimento di Economia, Management e Metodi … - 2011
In developing their equilibrium theories over the decade 1871-1881, Jevons (1871), Walras (1874-7), and Edgeworth (1881 …’s equilibrium concept. In Walras’s pure-exchange model, the Law of One Price, assumed as a postulate and lacking any proper … theoretical underpinnings, is no longer confined to equilibrium analysis, as in Jevons, but is so conceived as to embrace Walras …