between market à la Walras and market clearing à la Marshall exists : in the former market clearing is equilibrium, while in … labour market. Again the conclusion reached is affirmative both for Marshall’s theory and for present-day Marshallian models …

The aim of this paper is to ponder upon Marshall’s conception of equilibrium and to confront it withWalras’s. In a … out to have a most elusive meaning; In a second section, I compare Marshall and Walras on equilibrium and time. Whenever …

lead to a mixed conclusion. Positively, Friedman must be hailed for having brought the Marshall-Walras divide to the …. A better account of the differences between Marshall and Walras is to be found in his 1955 review of Jaffé’s traslation … it. The paper finishes with an outline of the criteria that should be used for giving te Marshall-Walras divide a …

underpinning Marshall’s equilibrium theory. Our second step is a study of the attempts at introducing unemployment in a Marshallian … briefly discuss how and why Keynes was able to shift attention from frictional to involuntary unemployment. Newt, for a reason …

of modern macroeconomics: its emergence after the publication of Keynes’s General Theory, the heydays of Keynesian …

Keynes’s General Theory is indeed microfounded in this sense, although no single conclusion can be drawn for Keynesian models …

present its main results. I start by characteristing Keynes’s programme as consisting of the following four elements : 1 …, coordination failures and imperfect competition) have succeeded in achieving Keynes’s programme. My conclusion is that they all …

) and Roberts (1987) have fared against ‘Keynes’s programme’. The first part of the paper characterises Keyne’s programme as … involuntary unemployment. In a second part, I claim that no correct assessment of Keynes’s programme can be made without drawing a … study of the three models to conclude that none of them succeed in achieving Keynes ‘ programme in its entirety. In the last …

The aim of this paper is to examine critically Lucas’ arguments against Keynes’s General Theory and in particular … against Keynes’s concept of involuntary unemployment. It comprises two main parts. In the first, I question Lucas’s claim that … Keynes betrayed the equilibrium discipline by freeing himself from the postulates of optimising behaviour and market clearing …

Notre analyse de la coordination inter-individuelle dans la controverse Hayek-Keynes nous permet de distinguer deux …. Le problème de coordination au sens de Keynes est permanent. Il est le résultat endogène des interactions entre les … individus évoluant au sein de marchés interdépendants. Il conduit au concept de chômage involontaire au sens de Keynes. …