Showing 1 - 3 of 3
Starting with a detailed discussion of the theorem of equivalent redistributions, Part 1 examines the central role played by the distributional neutrality of tatonnement in Walras's pure theory of exchange. Part 2 extends this discussion to Walras's attempts at reaching a similar result when...
Persistent link: https://www.econbiz.de/10005505426
This paper attempts to take stock on the vexed subject of the relations between Walras and Bortkiewicz. In part I, a survey of the existing literature allows, by contrast, to define the still unexplored zones of these two authors? personal and scientific relationships. Part II offers a broad...
Persistent link: https://www.econbiz.de/10008680090
This paper concentrates on Patinkin's use of Walras' model in his attempt at providing a proper theory of the price of money integrated with the theory of relative prices. Patinkin stands as the last major contributor to a Walras-Hicks-Patinkin tradition based on an attempt at introducing money...
Persistent link: https://www.econbiz.de/10005282356