...Peter Lewin Capital in Disequilibrium: A Reexamination of the Capital Theory of Ludwig M. Lachmann Peter Lewin The long retreat from Bohm Bawerk’s classical objectivism in the theory of capital, which started with Professor Hayek’s reply to Knight in 1936...

...Clark Warburton Histop c!f‘Politic,rrlE~~oriotiij~ 13:2 ( 1981 by Duke University Press Monetary disequilibrium theory in the first half of the twentieth century C1a r k War b u r t o n The essence...

.... History of Political Economy 21:4 0 1989 by Duke University Press CCC 001 8-2702/89/$1.50 Disequilibrium theory and Thornton’s assault on the laws of supply and demand Robert B. Ekelund, Jr. and Sven Thommesen...

...Takashi Negishi Faculty of Economics, The University of Tokyo, Bunkyo-Ku, Tokyo 113, Japan. Copyright © 1989 by Duke University Press 1989 References Benassy , J. P. 1982 . The economics of market disequilibrium . New York. Boland , L. A. 1987 . On the relevance...

...Olessia Kirtchik This article is focused on the economic works of the Soviet machinelearning pioneer Emmanuil Braverman, who published, during the 1970s, a series of papers introducing disequilibrium fixed-price models of the Soviet economy. This highly original theory, developed independently from...

.... Benassy, J.-P. 1976 . The Disequilibrium Approach to Monopolistic Price-Setting and General Monopolistic Equilibrium. Review of Economic Studies 43.1 : 69 -81. ____. 1982 . The Economics of Market Disequilibrium . New York: Academic Press. Brousseau, V., and A. P. Kirman. 1993 . The Dynamics...

... of Patinkin's dissertation and claims that it foreshadowed the research programs of disequilibrium theorists of the 1970s. Don Patinkin’s PhD Dissertation as the Prehistory of Disequilibrium Theories Goulven Rubin This work is the outgrowth of ideas first presented in a doctoral...

...Gavin C. Reid Disequilibrium and increasing returns in Adam Smith's analysis of growth and accumulation Gaviri C. Reid I. Introductiori There exists an enormous secondary literature on all aspects of Adam Smith's work.' arid in contemplating adding...

... to explain its origins. My article aims to fill this gap. It is argued that Clower came to build his disequilibrium program of microfoundations after changing radically his views about the meaning and the nature of the “Keynesian Revolution.” During a first research phase (1949–57), Clower considered...

... parallel Engel lines for all individuals) could be assumed, which he regarded as unrealistic. Wicksell preferred Léon Walras's notion of market excess aggregate demand functions, which are functions of prices only. Such functions would not be affected by aggregation problems, if only disequilibrium...

...Neri Salvadori; Rodolfo Signorino This article seeks to fill a lacuna within classical economics concerning the process of market price determination in situations of market disequilibrium. To this aim, first we distinguish the classical notion of free competition from the Walrasian notion...

... of the leading figures in mathematical economics and general equilibrium theory in the Soviet Union and post-Soviet Russia. His papers on the abstract models of exchange, dynamic general equilibrium and optimal growth theory, excess demand correspondences, monotonicity of demand functions, and disequilibrium...

...Matthieu Renault Abstract Edmond Malinvaud's case is peculiar in the history of macroeconomics as he committed to two different microfoundational programs, namely, the disequilibrium theory (more properly, the non-Walrasian approach) and the practice of large-scale macroeconomic modeling...

... between external disequilibrium and inflation. Furtado formulated and tried to implement in 1962–63 the first structuralist stabilization plan—called the Three-Year Plan—in a Latin American country, based on “gradualism” and regarded as an alternative to stabilization policies sponsored by the IMF...

.... The article then turns a by-product of the controversy—the model of short-run disequilibrium by Solow and Joseph Stiglitz—arguing that this marked a turning point in macroeconomics at MIT. Throughout it is argued that the close personal contacts between MIT economists and their Cambridge counterparts...

...Joseph L. Love Latin American structuralism, first promulgated in 1949 by the Argentine economist Raúl Prebisch, held that Latin American economies were characterized by heterogeneous technologies, structural unemployment, external disequilibrium, and secularly deteriorating terms of trade...

... and Cargill 1979, p. 436.) Furthermore, he had a great ap- preciation for economic theory and its history, as the article published here illustrates. In fact, this article is mostly a summary of sections of a multi-chapter manuscript on the history of monetary disequilibrium theory that he had been...

... as an equilibrium or as a disequilibrium theory, and the extent to which the theory is based on the (Austrian) theory of capital. Unless otherwise indicated, I shall deal with the Interest and Prices ver- sion. My starting point will be Wicksell’s formulation of the cumulative process in chapter 9. 1...

... the analysis of Book V. A variable is said to be determinate if its equilibrium value is indepen- dent of the path by which equilibrium is attained. Partition the hours [I, . . . , k, 1, . . . , m]of any day which begins trade at disequilibrium into two: [ 1, . . . , k] hours of trade...