Dumenil, Gerard; Levy, Dominique - In: The Manchester School of Economic & Social Studies 57 (1989) 1, pp. 34-57
A model of competition in capitalist economies, based on the works of the classics, is presented. Agents act in disequilibrium by reacting to their observations of disequilibria. They move capital across activities according to profitability differentials. They adjust prices and outputs on the...