particular, the relationship between normality and equilibrium in the context of Marshall's moving equilibrium method. …This note comments briefly on Mehdad Vahabi's article on Alfred Marshall's concept of "Normal Value." It points out, in …

particular, the relationship between normality and equilibrium in the context of Marshall's moving equilibrium method. …This note comments briefly on Mehdad Vahabi's article on Alfred Marshall's concept of "Normal Value." It points out, in …

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 …

. Producers and consumers as price-taker choose quantities, while arbitrageurs choose prices to clear the market. The equilibrium …

factors under a ceteris paribus clause. This view, which goes back to Alfred Marshall (1842-1924), is developed in the first …