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Equilibrium Growth (II) Hicks‐Malinvaud Trajectories

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

Devoted to establishing the existence of competitive equilibrium paths of various orders, and looks in particular at the Hicks–Malinvaud equilibrium growth path. The different sections cover ... More


The Temporary Equilibrium Method

John Hicks

in Methods of Dynamic Economics

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198772873
eISBN:
9780191596438
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198772874.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter considers the dynamic method developed by Erik Lindahl in 1929–30. It was worked out at just the same time as Keynes's Treatise; but it was (at least initially) quite independent of the ... More


Neoclassical Economics from Triumph to Crisis

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199279142
eISBN:
9780191602887
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199279144.003.0011
Subject:
Economics and Finance, History of Economic Thought

Considers the neo-Walrasian approach to general economic equilibrium. The conquest of the existence theorem is compared with the defeat on the grounds of uniqueness and stability. Examines the ... More


Equilibrium Growth. (III) Normative Properties

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

Devoted to establishing the optimality of competitive equilibrium paths of various orders. So far three kinds of equilibrium growth paths have been discussed in the book: the Cassel–von Neumann path ... More


The FixPrice Method

John Hicks

in Methods of Dynamic Economics

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198772873
eISBN:
9780191596438
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198772874.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter discusses the Fixprice method. It compares the method to the Temporary Equilibrium method. It considers the inherent tendency of the Fixprice method to ‘go macro’. It addresses questions ... More


Economic Implications of the ‘Revolution’

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

The neoclassical model so far examined in the book assumes, among other things: (a) that firms can be classified into two or several industries, each producing a single output; (b) that capital goods ... More


The Temporary Equilibrium Model

Yves Balasko

in The Equilibrium Manifold: Postmodern Developments in the Theory of General Economic Equilibrium

Published in print:
2009
Published Online:
August 2013
ISBN:
9780262026543
eISBN:
9780262255370
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262026543.003.0325
Subject:
Economics and Finance, Econometrics

This chapter deals with the two-period temporary equilibrium model with financial assets and arbitrary forecast functions of future prices, an approach in the tradition of Lindahl (1939) and Hicks ... More


Contemporary Economic Theory: II

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198774556
eISBN:
9780191717383
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198774559.003.0011
Subject:
Economics and Finance, History of Economic Thought

Considers the neo‐Walrasian approach to general economic equilibrium. The conquest of the existence theorem is compared with the defeat on the grounds of uniqueness and stability. Examines the ... More


Notes on Agents’ Behavioural Rules under Adaptive Learning and Studies of Monetary Policy *

Seppo Honkapohja, Kaushik Mitra, and George W. Evans

in Macroeconomics at the Service of Public Policy

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199666126
eISBN:
9780191749278
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199666126.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter tries to clarify some discussions on the formulation of individual intertemporal behaviour under adaptive learning in representative agent models. The authors first discuss two suggested ... More


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