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This article contributes to the explanation of the methodological differences between Cournot and Walras when these authors apply mathematics to economics. Our article explains the reasons behind Cournot’s refusal when Walras required him to write an article, which advocates the application of...
Persistent link: https://www.econbiz.de/10009003042
We discuss the traditional interpretation of Edgeworth’s conception of competition neo-Walrasian authors developed following the Debreu-Scarf ’s theorem legacy. This interpretation presents Edgeworth as the forerunner of the cooperative-games approach based on the notion of the core as a...
Persistent link: https://www.econbiz.de/10010595727
This article studies the role of the businessmen in Marshall’s views on the progress towards the social ideal. The … perspective and some of Marshall’s unpublished papers. It updates and questions the broadening process of the economic chivalry of …
Persistent link: https://www.econbiz.de/10010550869
Character is commonly recognised as a crucial notion in Alfred Marshall’s thought, and more broadly in Victorian … of character in Marshall’s thought. While not denying that Marshall’s ideas evolve between his early writings and his … opportunity to re-examine Marshall’s conception of social ideal, on the basis of archives documents: Marshall conceives character …
Persistent link: https://www.econbiz.de/10010787024
This contribution argues that Menger’s Grundsätze ground economic subjectivism in cognitive features. It elaborates on need-satisfaction in relation with the use value of goods. It details the various forms raised for utility in Menger’s texts and distinguishes between both Grundsätze...
Persistent link: https://www.econbiz.de/10004962242
This paper addresses Johann Heinrich von Thünen's income distribution theory (1850), highlighting the way the author develops his solution to the aforementioned problem -i.e. his well-known "natural wage" formula ap - by means of four different mathematical proofs, whose assumptions, purposes,...
Persistent link: https://www.econbiz.de/10004962254
Most of Schumpeter’s commentators admit Nietzsche’s influence on the Schumpeterian conception of the entrepreneur. Nevertheless, from our point of view, this influence is often treated in the historical context and in a very limited definition of the entrepreneur. In this article, we argue...
Persistent link: https://www.econbiz.de/10010709813
In the economic literature of the nineteenth and twentieth centuries, perfect competition rests on essentially two different types of foundations, the distinction of which has not always been emphasized enough. According to the first type, perfect competition prevails when the agents, small...
Persistent link: https://www.econbiz.de/10010595724
In developing their pure-exchange equilibrium models, Jevons [1871], Walras [1874–77], and Edgeworth [1881] make use of some version of a law, called law of indifference (or principle of uniformity) by Jevons and Edgeworth and often referred to as the law of one price in connection with...
Persistent link: https://www.econbiz.de/10010604147
Poverty was an ubiquitous theme in the literature of the beginning of the 19th century, and its analysis shifted from political or charitable perspectives to embrace a young science, namely the political economy. Stendhal’s example shows how political economy had become the only legitimate...
Persistent link: https://www.econbiz.de/10008831601