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In developing their equilibrium theories over the decade 1871-1881, Jevons (1871), Walras (1874-7), and Edgeworth (1881 … theoretical underpinnings, is no longer confined to equilibrium analysis, as in Jevons, but is so conceived as to embrace Walras …-tautology playing a fundamental role in both the derivation of the equilibrium conditions and the characterisation of Jevons …
Persistent link: https://www.econbiz.de/10009324391
In developing their pure-exchange equilibrium models, Jevons [1871], Walras [1874–77], and Edgeworth [1881] make use of … critically discuss Negishi’s critique of Edgeworth’s stance on Jevons’s law of indifference, Walras’s equilibrium, and the role … carry its effects through. In this paper, after reconstructing Jevons’s, Walras’s, and Edgeworth’s respective positions, we …
Persistent link: https://www.econbiz.de/10010604147
Persistent link: https://www.econbiz.de/10011700874
In this paper we contrast the received view according to which Walras' and Marshall's approaches to price theory, while … assumptions underlying Walras' analysis of the trading process and his conception of the working of a competitive market will be …-commodity economy. Precisely, by reducing the trading process to a purely virtual process in "logical" time, Walras is able to construct …
Persistent link: https://www.econbiz.de/10009324462
equilibrium and equilibration from the 1889-1891 controversy onwards. Even if Edgeworth’s original critique concerns Walras …In a brief review of the second edition of Walras’s Eléments, published in 1889, Edgeworth criticizes Walras’s theory … lives of both economists. The chief aim of this paper is to analyze the joint evolution of Edgeworth’s and Walras’s ideas on …
Persistent link: https://www.econbiz.de/10009324463
Adam Smith, der Begründer der Nationalökonomie, hat in der "Theory of Moral Sentiments" - basierend auf Ideen von David Hume - das Bild einer moralischen Person entworfen. Diese gewinnt ihre Moralität dadurch, dass sie andauernd Imaginationen über andere und über sich selbst unternimmt....
Persistent link: https://www.econbiz.de/10011984297
Adam Smith, der Begründer der Nationalökonomie, hat in der "Theory of Moral Sentiments" - basierend auf Ideen von David Hume - das Bild einer moralischen Person entworfen. Diese gewinnt ihre Moralität dadurch, dass sie andauernd Imaginationen über andere und über sich selbst unternimmt....
Persistent link: https://www.econbiz.de/10011970855
Persistent link: https://www.econbiz.de/10011765391
collective moral outrage. We provide a counterexample to this thesis by developing a gametheoretic analysis of the Walras-Jevons … of the sexes game?. Walras recognized Jevons as the inventor of the ?theory of exchange?. It was good for the promotion … correspondence. We show that one-way preplay communication helped them to coordinate on a pure strategy Nash equilibrium of a ?battle …
Persistent link: https://www.econbiz.de/10010852453
, Jevons and Walras to provide ?scientific fundaments? to economic reflection rests on an improper abstraction: the … propositions?, Jevons? ?laws relating to individual cases?, and Walras? ?maximum satisfaction of the needs of society? are based on … ?Economic Science?. Walras, through his general equilibrium model, sought to establish mathematical foundations for his …
Persistent link: https://www.econbiz.de/10004988632