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On Walras's Concept of Equilibrium / Ariel Dvoskin & Andrés Lazzarini
(Review of political economy ; Volume 25, Number 1)

出版者 (London : Routledge)
出版年 2013
大きさ 1 online resource (pages 117-138)
著者標目 *Dvoskin, Ariel author
Lazzarini, Andre author
件 名 LCSH:Economics -- History  全ての件名で検索
LCSH:Economics -- Study and teaching  全ての件名で検索
FREE:World Wide Web: Library information networks
一般注記 Includes bibliographical references
The view that Walras's equilibrium concept refers to a temporary general equilibrium with stationary expectations has come to be the conventional opinion within the history of economics. This interpretation overlooks salient aspects of Walras's original equilibrium concept: (i) that it refers to a centre of gravitation, thus equilibrium must be assessed together with the adjustment mechanisms that are supposed to bring the economy towards its position of rest; (ii) that it attempts to represent a persistent position of the economic variables; and (iii) that it must not be regarded as a mere artificial model disconnected from reality, but as a device to understand how actual economies work. We therefore conclude that the scope of Walras's work can be better grasped by interpreting his equilibrium system as aiming to describe a long-period position of the economy
HTTP:URL=https://www.routledgehistoricalresources.com/economic-thought/journal-articles/on-walrass-concept-of-equilibrium

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