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In developing their pure-exchange equilibrium models, Jevons [1871], Walras [1874–77], and Edgeworth [1881] make use of … carry its effects through. In this paper, after reconstructing Jevons’s, Walras’s, and Edgeworth’s respective positions, we … critically discuss Negishi’s critique of Edgeworth’s stance on Jevons’s law of indifference, Walras’s equilibrium, and the role …
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This paper was presented to the Brasilian Society for Political Economy at its 1998 conference. It presents the principal differences between the temporal and the simultaneist approach to the theory of value. It was the first paper to present a formal conceptual analogy between the temporal...
Persistent link: https://www.econbiz.de/10005837170
out to have a most elusive meaning; In a second section, I compare Marshall and Walras on equilibrium and time. Whenever … possibility of disequilibrim. When Walras credit model is taken into account the result is more complicated. An important …
Persistent link: https://www.econbiz.de/10004984759
lead to a mixed conclusion. Positively, Friedman must be hailed for having brought the Marshall-Walras divide to the …. A better account of the differences between Marshall and Walras is to be found in his 1955 review of Jaffé’s traslation … of Walras’s Eléments d’économie pure. Second, I will claim that Friedman’s real target in his 1949 article was imperfect …
Persistent link: https://www.econbiz.de/10004985179
, 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 …
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