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This paper proposes a new reading of the sources to release a new dating for entering Lemercier de la Rivière in intellectual circles of Quesnay and Mirabeau. In doing so, this Physiocrat generally accepted by commentators as a secondary author of the school led by Quesnay, appears as one of...
Persistent link: https://www.econbiz.de/10010671688
This text examines the monetary market economy model developed by Benetti and Cartelier (2001). The authors construct a pure exchange monetary economy within a general equilibrium framework. Money is crucial in determining market prices and in coordinating transactions. This monetary approach of...
Persistent link: https://www.econbiz.de/10004962224
Hahn's (1982) influential critique of Sraffa (1960) crucially rests on his conclusion that "the only falsifiable entailment of the Sraffa equations is the postulate of a uniform rate of profit". This paper argues that the uniformity of the rates of profit in Sraffa’s system is not an...
Persistent link: https://www.econbiz.de/10004962249
We analyze a series of macroeconometric models developed in the years of high theory by Marschak, Frisch and Leontief. These models share an explanation of growth, cycles and fluctuations (“economic change”), based on the analysis of the circulation of capital goods among producers. They...
Persistent link: https://www.econbiz.de/10011122330
The potted histories of macroeconomics textbooks are typically Keynes-centric. Keynes is credited with founding macroeconomics, and the central developments in the field through the early 1970s, including largescale macroeconometric models are usually termed “Keynesian.” The story of...
Persistent link: https://www.econbiz.de/10011122331
Spectral analysis has had limited applications in cliometrics to date. In this paper, it is used to determine, through international comparisons, the frequency of GDP series in the long run. A reminder of the spectral methodology (I) is followed by successive examinations of the series chosen,...
Persistent link: https://www.econbiz.de/10011122333