The aim of this article is to assess Friedman’s claim, put forward in his 1949 article on the Marshallian demand curve, that there is a methodological divide between the Marshallian and Walrasian approaches. Friedman’s argument will be critically examined and compared with the views he...

Hicks is renown for having introduced the temporary equilibrium framework in his book Value and Capital. Subsequently, however, he partially recanted this framework by rejecting the market clearing idea while still keeping the week device. The aim of this paper is to assess whether this change...

The notion of solution plays a crucial role in the conceptual system of Léon Walras, the founder of General Equilibrium Theory (GET). In this paper, after introducing the two solution concepts employed by Walras in the development of his version of GET, respectively called the “theoretical”...

Rise and decline of the notion of "own rate of interest" in Sraffa. The notion of commodity rate of interest, introduced by Sraffa in a short review-article published in1932, is taken up by Keynes a few years later under the label of own rate of interest. The latter expression soon spreads in...

En este artículo se presentan los nuevos resultados que hemos obtenido a partir de los modelos clásicos bisectoriales de reproducción en desequilibrio elaborados conjuntamente con Carlo Benetti y Christian Bidard, y publicados en la cuarta y última parte del libro Capital, salaire et crises,...

Focusing on their analysis of the optimal public goods provision problem, this paper follows the parallel development of equilibrium models and mechanism design after the accomodation of Samuelson's definition of collective goods to the general equilibrium framework. Both paradigms lead to the...

Focussing on their analysis of the optimal public goods provision problem, this paper follows the parallel development of equilibrium models and mechanism design after the accommodation of Samuelson's definition of collective goods to the general equilibrium framework. Both paradigms lead to the...

The paper investigates Dennis Robertson's effort to defend the Cambridge utilitarian tradition against the “new welfare economics”, developed in the 1930s and 1940s on the basis of Lionel Robbins's influential criticism of the scientific legitimacy of interpersonal comparisons of utility. It...

This paper examines the marginal utility as a theory of value in comparison with the theories which preceded it. It compares in detail the utility theory with the predominant theory of value of classical economics, a cost theory which saw labor as the ultimate source of value. By introducing a...

This paper shows that the possibility of formally incorporating reference-dependence into the theory of consumer behavior was explored well before Kahneman and Tversky (1991); specifically, in separate papers by Alt, Samuelson or Bernardelli in late 1930s. These papers emerged within a debate on...