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Author : William Jaffé
Publisher : Cambridge University Press
Page : 395 pages
File Size : 46,6 Mb
Release : 1983-05-31
Category : Biography & Autobiography
ISBN : 9780521251426
Essays on the life and work of Léon Walras, the founder of general equilibrium analysis.
Author : Stephen Parsons
Publisher : Routledge
Page : 175 pages
File Size : 44,6 Mb
Release : 2013-12-19
Category : Business & Economics
ISBN : 9781317797333
This unique study into the roots of Max Weber's Political Economy, is an intriguing read and a valuable contribution to the Weberian literature. Parsons argues that Weber's analysis is highly influenced by the Austrian School of Economics and the relationship between his critique of centrally planned economies and that of Mises.
Author : Donald A. Walker
Publisher : Cambridge University Press
Page : 368 pages
File Size : 48,5 Mb
Release : 2006-01-16
Category : Business & Economics
ISBN : 0521858550
In order to understand the various strands of general equilibrium theory, why it has taken the forms that it has since the time of Léon Walras, and to appreciate fully a view of the state of general equilibrium theorising, it is essential to understand Walras's work and examine its influence. The first section of this 2006 book accordingly examines the foundations of Walras's work. These include his philosophical and methodological approach to economic modelling, his views on human nature, and the basic components of his general equilibrium models. The second section examines how the influence of his ideas has been manifested in the theorising of his successors, surveying the models of theorists such as H. L. Moore, Vilfredo Pareto, Knut Wicksell, Gustav Cassel, Abraham Wald, John von Neumann, J. R. Hicks, Kenneth Arrow, and Gerard Debreu. The treatment also examines models of many types in which Walras's influence is explicitly acknowledged.
Author : A. M. Endres
Publisher : Psychology Press
Page : 296 pages
File Size : 47,8 Mb
Release : 1997
Category : Business & Economics
ISBN : 0415152097
This work examines the contribution of the Austrian school to our understanding of markets as economic processes.
Author : James E Hartley,James E. Hartley
Publisher : Routledge
Page : 240 pages
File Size : 52,6 Mb
Release : 2002-01-04
Category : Business & Economics
ISBN : 9781134756810
Rpresentative agent models have become a predominant means of studying the macroeconomy in modern economics without there being much discussion in the literature about their propriety or usefulness. This volume evaluates the use of these models in macroeconomics, examining the justifications for their use and concluding that representative agent models are neither a proper nor a particularly useful means of studying aggregate behaviour.
Author : Bert Tieben
Publisher : Edward Elgar Publishing
Page : 689 pages
File Size : 49,7 Mb
Release : 2012-07-01
Category : Business & Economics
ISBN : 9781781953518
'Bert Tieben is very well read in the history of economic thought and provides an overview of one of the basic concepts of economics that is unrivalled both in its scope and in its thoughtful and detailed discussion of the various currents and schools. It goes right to the heart of economic theory and asks some pertinent questions about the limits and the future of economic theorizing. That is, I think, what sets it apart from many other studies in the history of economic thought: it is history with an eye to the future, and it does all this without making any demands on the mathematical skills of the reader. This book should therefore appeal to everybody who is interested in the methodology of economics and in exploring the boundaries of economic analysis.' Hans Visser, VU University, Amsterdam, The Netherlands This book deals with one of the most puzzling concepts in economic science, that of economic equilibrium. In modern economics, equilibrium is considered a key assumption, but its role is contested by economists both from within the mainstream and from rival schools of thought. What explains the contradictory assessments of the equilibrium concept in economics? Do economists belonging to different traditions disagree about the definition of equilibrium or do they adopt different rules for assessing scientific status? In this unique and exhaustive study, Bert Tieben answers these questions by investigating the history of equilibrium economics from 1700 to the present day. He concludes that ideology strongly coloured the development of this branch of theory, helping to explain the vehemence of the debates surrounding the concept. He also argues that scientific progress in economics may indeed be fostered by such opposition and contention, and calls for cross fertilization and stronger cooperation between the different schools of thought. This resourceful book will appeal to post graduate students and scholars in the history of economic thought and economic methodology. Both neoclassical and heterodox economists, most notably Austrian, post Keynesian and institutional economists, will also find much to interest them.
Author : Pascal Bridel
Publisher : Routledge
Page : 169 pages
File Size : 51,5 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9781136719820
2010 marks the hundredth anniversary of the death of Léon Walras, the brilliant originator and first formaliser of general equilibrium theory – one of the pillars of modern economic theory. In advancing much derided practical solutions Walras also displayed more concern for the problems of living in a second best world than is common in modern pure theories of the invisible hand, efficient market hypothesis, DSGE macroeconomics or the thinking of some contemporary free market admirers all based on general equilibrium theory. This book brings contributions from the likes of Kenneth Arrow, Alan Kirman, Richard Posner, Amartya Sen and Robert Solow to share their thoughts and reflections on the theoretical heritage of Léon Walras. Some authors reminisce on the part they played in the development of modern general economics theory; others reflect on the crucial part played by general equilibrium in the development of macroeconomics, microeconomics, growth theory, welfare economics and the theory of justice; others still complain about the wrong path economic theory took under the influence of post 1945 developments in general equilibrium theory.
Author : Phyllis Deane,Jessica Kuper
Publisher : Routledge
Page : 421 pages
File Size : 41,8 Mb
Release : 2005-08-10
Category : Business & Economics
ISBN : 9781134988587
An invaluable work which serves as an introduction to the subject and as a reference for all those who need to remain up-to-date with economic thinking.
Author : Léon Walras
Publisher : Routledge
Page : 272 pages
File Size : 45,6 Mb
Release : 2008-01-28
Category : Business & Economics
ISBN : 9781134280940
First Published in 2004. Studies in Applied Economics is an English translation of Études d’économie politique appliquée (1898) by Léon Walras (1834–1910). Until now, Éléments d’économie politique pure (1874) was the only book by Walras available in English (Elements of Pure Economics, 1954). It contains the theory of general economic equilibrium under free competition, with the concept of utility maximization as its core. Walras’s conclusion was that where free competition is possible, it should be the rule. So, in the present book, he advocates protective regulation, within which economic agents may compete freely. For water, gas or railway transport, for instance, where free competition is impossible, rules are formulated to maintain its advantages. Issues such as money, capital, credit, banking and the stock markets are also dealt with. The book’s final chapter recapitulates the themes of Walras’s three main works: Éléments, Études d’économie sociale and this volume, Études d’économie politique appliquée. Walras’s aim was to provide an economic blueprint for a social ideal where poverty and similar evils could be banished.
Author : Donald Rutherford
Publisher : Routledge
Page : 726 pages
File Size : 48,5 Mb
Release : 2003-09-02
Category : Business & Economics
ISBN : 9781134805945
Compiled to meet the needs of students and professionals in economics, finance, accountancy and business, this wide-ranging, international Dictionary is for everyone who wants an up-to-date resource to the world of economics. Key Features over 4200 comprehensive A to Z entries, from after-hours to z-score, provide clear, definitive explanations of the key terms, issues, theories and concepts in economics today - as well as describing the contributions of key figures in the field each entry is headed by a short definition for quick reference, and where relevant, followed by an annotated bibliography to lead the reader to further sources cross-referenced for ease of access the full range of subjects is covered, from classical economics and the study of value and growth, to contemporary concerns such as European Union and Green conditionality detailed coverage of vital econometric terms and statistics including entries such as eigenprices and M0 includes specialised commercial and financial jargon illustrated with 94 line diagrams unique subject index for ease of access
Author : David Colander
Publisher : Cambridge University Press
Page : 33 pages
File Size : 51,6 Mb
Release : 2006-07-17
Category : Business & Economics
ISBN : 9781139459051
Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity theory, automated general to specific econometric modeling, agent-based models, and non-linear and statistical dynamical models. This book thus provides the reader with an introduction to what might be called a Post Walrasian research program that is developing as the antithesis of the Walrasian DSGE synthesis.
Author : Mark Blaug
Publisher : Cambridge University Press
Page : 756 pages
File Size : 49,6 Mb
Release : 1997-03-27
Category : Business & Economics
ISBN : 0521577012
This book, first published in 1997, is a history of economic thought from Adam Smith to John Maynard Keynes.
Author : Warren J. Samuels
Publisher : Springer Science & Business Media
Page : 265 pages
File Size : 43,9 Mb
Release : 2013-04-17
Category : Business & Economics
ISBN : 9789401713771
1 Warren J. Samuels The study of economics as discourse requires a perspective that focuses on the relationships among knowledge (or truth), discourse (or lan guage), and meaning. Central to this task is the recognition that the con duct of economic analysis uses words and that words embody meanings that are applied to the object of study, but do not necessarily derive from that object although they define that object for us. Knowledge Economists are engaged in efforts to understand and explain the econ omy. In the pursuit of this knowledge they have attempted to make coherent the respect(s) in which belief is to be accepted as knowledge, or the sense(s) in which this knowledge has the quality of "truth. " The field of methodology in economics parallels the fields of epistemology and philosophy of science in the attempt to make sense of and to prescribe the terms on which efforts at knowledge may be accepted as "true," or the terms on which statements can be accepted as "knowledge. " The conduct of such methodological inquiry typically treats economics as a science 1 2 ECONOMICS AS DISCOURSE engaged in the pursuit of truth as an epistemological category - though there have almost always been economists who were skeptical of the status of economics as a science, and the pursuit of knowledge is only one of three putative function of economics, the other two being psychic balm and social control.
Author : Thomas Palley,Esteban Pérez Caldentey,Matías Vernengo
Publisher : Edward Elgar Publishing
Page : 169 pages
File Size : 44,8 Mb
Release : 2023-01-17
Category : Business & Economics
ISBN : 9781035312757
Over the past twenty years there has emerged a compelling new discourse on varieties of capitalism. That discourse has an appealing common sense which challenges the view there is no alternative to free market capitalism. The initial view had a microeconomic focus that made firms the fulcrum of analysis. It distinguished between liberal market and coordinated market economies. Subsequently, there has emerged a second-generation literature which adopts a macroeconomic perspective that emphasizes differences in drivers of growth. This book provides a collection of essays that engage those second-generation concerns and questions.
Author : Neema Parvini
Publisher : Springer Nature
Page : 324 pages
File Size : 45,6 Mb
Release : 2020-05-01
Category : Business & Economics
ISBN : 9783030394523
The Defenders of Liberty presents a history of economic liberalism from the Renaissance to the present. It chronicles the tradition of thought that sees human nature as social yet self-interested, methodological individualism as its key analytical tool, and property rights as foundational to a civilised society. In the development of this way of thinking, it considers the contributions of many key thinkers including Niccolò Machiavelli, Thomas Hobbes, John Locke, Richard Cantillon, A.J.R. Turgot, David Hume, Adam Smith, Nassau William Senior, Richard Cobden, Herbert Spencer, Jean-Baptiste Say, Carl Menger, William Stanley Jevons, Gaetano Mosca, Eugen Böhm-Bawerk, Vilfredo Pareto, Phillip Wicksteed, Edwin Cannan, Ludwig von Mises, Lionel Robbins, F.A. Hayek, W.H. Hutt, Milton Friedman, George Stigler, Murray N. Rothbard, James M. Buchanan, and Thomas Sowell. The book contends that liberalism needs to be grounded in realism, and that it has been derailed whenever economists have deviated from an explicitly realist understanding of human nature, individualism and property rights. It argues that the cause of liberalism was compromised by errors in economic reasoning by such major figures as David Ricardo, John Stuart Mill, Alfred Marshall, A.C. Pigou, and John Maynard Keynes. In diagnosing what has gone wrong for liberalism in the twenty-first century, The Defenders of Liberty argues against substituting mathematical abstraction for causal realism; it opposes interventionist central banking; it seeks to recover economic liberalism from social and political liberalism, which are somewhat unrelated schools of thought; it resists a view of human nature rooted in selfishness or atomised individualism; and finally alerts defenders of freedom to the ruthless but effective language games played by their opponents. This book will be of interest to the educated general reader as well as undergraduates and postgraduates in disciplines such as economics, political theory and philosophy.
