Equilibrium and Disequilibrium in Walrasian and Neo-Walrasian Economics

Author:

De Vroey Michel

Abstract

In his 1989 Cambridge doctoral dissertation, The Concept of Equilibrium in Neoclassical Theory, Franco Donzelli observed that, “The history of the neoclassical approach over the last one hundred and twenty years can be interpreted as a history of the relationship between instantaneous and stationary equilibrium models, on the one hand, and of the developments internal to either class of models, on the other” (Donzelli 1989, p. 31).

Publisher

Cambridge University Press (CUP)

Subject

History and Philosophy of Science,General Economics, Econometrics and Finance,General Arts and Humanities

Reference52 articles.

1. From Walras's General Equilibrium to Hicks's Temporary Equilibrium;Ingrao;Recherches économiques de Louvain,1989

2. Inflation and Unemployment;Tobin;American Economic Review,1972

3. A General Disequilibrium Model of Income and Employment;Barro;American Economic Review,1971

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