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Marshall's notion of the representative firm can be read as a macro notion with some resemblance to Keynes' aggregative … concepts. Keynes' notions of aggregate demand and aggregate supply are fashioned after Marshall's definitions of demand and … supply. Keynes starts with the Marshallian equilibrium notion. The main innovation of Keynes--a conception of macroeconomic …
Persistent link: https://www.econbiz.de/10008515855
. Producers and consumers as price-taker choose quantities, while arbitrageurs choose prices to clear the market. The equilibrium …
Persistent link: https://www.econbiz.de/10005413280
factors under a ceteris paribus clause. This view, which goes back to Alfred Marshall (1842-1924), is developed in the first …
Persistent link: https://www.econbiz.de/10005518224
(The Second Half of the 1920s and 1930s) and N. D. Kondratiev’s Project of Economic Dynamics The article considers the ways to overcome the methodological gap between the analysis of economic cycles and the pure economic theory as suggested by the Western economists in the 1920s and 1930s. In...
Persistent link: https://www.econbiz.de/10010860872
intervention in economic affairs. Several attempts at integrating both canons are studied separately (Marshall, Schumpeter, Eucken …: the general equilibrium theory is so abstract that it can imply opposite policies. …
Persistent link: https://www.econbiz.de/10010860880
The publication of Miti e paradossi della giustizia tributaria in 1938 originated an important epistemological debate between Einaudi and Fasiani. In Miti e paradossi, "useful’projects are considered as part of the scientific approach, and science has an interest in good governance and in the...
Persistent link: https://www.econbiz.de/10010876360
Cet article explique comment la dynamique de l’équilibre social chez Pareto repose sur le principe de rupture du moment machiavélien. Il resitue ce principe en termes d’équilibre entre virtù et fortuna puis en apprécie la transposition à l’étude de la dynamique de l’équilibre...
Persistent link: https://www.econbiz.de/10011274988
The model of Homo economicus has often been criticized as unrealistic. In particular, it has been found lacking for allegedly assuming that people are selfish, an assumption which is contradicted by both introspection and empirical evidence. The aim of this paper is to show that never in the...
Persistent link: https://www.econbiz.de/10011277208
The specialists of Pareto's economic and sociological writings, underline that his theory of action is based on a drastic division between logical actions and non-logical ones; the first referring to economic activities and the second to sociological relationships. In this paper, it is shown, on...
Persistent link: https://www.econbiz.de/10005078896
El presente texto cuestiona el utilitarismo de Jeremy Bentham como fundamento de la teoría marginalista walrasiana. La problemática se aborda a través de un análisis comparativo del pensamiento de Jeremy Bentham y de Leon Walras en tres áreas centrales: sus visiones de la sociedad y el...
Persistent link: https://www.econbiz.de/10009404542