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Journal Article
History of Political Economy (1980) 12 (1): 29–40.
Published: 01 March 1980
... equation, the production function, and the Wicksell effect Bo Sandelin, University of Goteborg Introduction It is a well-known fact that one equation is “missing” in Wicksell’s various formalizations of his capital theory; this implies that one central magnitude has...
Journal Article
History of Political Economy (2000) 32 (4): 765–788.
Published: 01 November 2000
... . Cambridge: Cambridge University Press. Mas-Colell, A. 1986 . Capital Theory Paradoxes:Anything Goes. In Joan Robinson and Modern Economic Theory , edited by G. R. Feiwel, 505 -20. London: Macmillan. Negishi, T. 1982a . Wicksell's Missing Equation and Böhm-Bawerk's Three Causes of Interest...
Journal Article
History of Political Economy (1999) 31 (3): 575–586.
Published: 01 September 1999
... sulla domanda e la teoria delle imposte sui consumi.” Giornale degli Economisti , n.s., 8 ( January-February ): 59 -90. Dooley , P. C. 1983 . “Slutsky's Equation is Pareto's Solution.” HOPE 15 . 4 : 513 -17. Edgeworth , F. Y. 1881 . Mathematical Psychics, or the Method...
Journal Article
History of Political Economy (1983) 15 (4): 513–517.
Published: 01 November 1983
.... History of Political Economy 15:4 0 1983 by Duke University Press Peter C.Dooley 1. Introduction J. R. Hicks has written (1946, 309) that the fundamental equation of value theory was “originally due to Slutsky.” The equation was first solved, how...
Journal Article
History of Political Economy (1984) 16 (4): 577–582.
Published: 01 November 1984
...Larry Samuelson Dept. of Economics, Pennsylvania State University, 613 Kern Graduate Building, University Park PA 16802. Copyright © 1984 by Duke University Press 1984 References Negishi , Takashi 1982a . ‘Wicksell's missing equation and Böhm-Bawerk's three causes of interest...
Journal Article
History of Political Economy (1982) 14 (3): 301–307.
Published: 01 September 1982
... , Ragnar 1952 . Frisch on Wicksell. In Henry William Speigel, ed., The development of economic thought (New York), 652–99. Lutz , F. A. 1968 . The theory of interest . Chicago. Sandelin , Bo 1980 . Wicksell's missing equation: the production function and the Wicksell effect...
Journal Article
History of Political Economy (1982) 14 (3): 308–309.
Published: 01 September 1982
... University Press On Wicksell’s missing equation: a comment Bo Sandelin One of the fruitful suggestions in Samuelson’s article above is that a sec- ond reason why Wicksell treated capital as an exogenous variable is that he intended “to close the model via a theory of savings behavior...
Journal Article
History of Political Economy (1982) 14 (3): 310–311.
Published: 01 September 1982
... University Press Wicksell’s missing equation: a comment Takashi Negishi I Sandelin in his 1980 article’ rightly argued that we should find the missing equation and consider the value of capital as an endogenous variable in the Wicksellian model of capital...
Journal Article
History of Political Economy (2006) 38 (1): 175–184.
Published: 01 March 2006
...Arrigo Opocher Correspondence may be addressed to Arrigo Opocher, Dipartimento di scienze economiche, Via del Santo 33, 35123 Padova, Italy; e-mail: arrigo.opocher@unipd.it . Duke University Press 2006 Exchange and Production Equations: Understanding a Debate between Harrod...
Journal Article
History of Political Economy (1976) 8 (1): 33–43.
Published: 01 March 1976
... Copyright © 1976 by Duke University Press 1976 4. The theoretical framework of the Treatise: the fundamental equations One of the standard tasks with which every student of Keynes’ writings is confronted is that of tracing the intellectual relationship between...
Journal Article
History of Political Economy (1976) 8 (1): 50–53.
Published: 01 March 1976
... Copyright © 1976 by Duke University Press 1976 6. Some further reflections on the fundamental equations As the name he gave them indicates, Keynes saw in his “funda- mental equations of price” the major contribution of his Treatise. As he said in his 193 1 Harris...
Journal Article
History of Political Economy (2009) 41 (2): 297–309.
Published: 01 June 2009
...I. Grattan-Guinness An important part of Jevons's economic theory was his theory of exchange of commodities. For justification he drew upon several aspects of differential equations and their applications, especially a principle in mechanics associated with equilibrium. Unfortunately his use...
Journal Article
History of Political Economy (2023) 55 (2): 279–316.
Published: 01 April 2023
...Michael T. Belongia; Peter N. Ireland Abstract “The Relative Stability of Monetary Velocity and the Investment Multiplier in the United States, 1897–1958,” by Milton Friedman and David Meiselman (1963), typically is recognized as the original study that used a reduced-form equation to evaluate...
FIGURES
Journal Article
History of Political Economy (2010) 42 (2): 201–219.
Published: 01 June 2010
...Perry Mehrling Once upon a time, macroeconomics was a field organized around money and the equation of exchange, as in Fisher 1911. Today, the field is organized instead around finance and the intertemporal Euler equation. This article tells the story of how we moved from then to now, a story...
Journal Article
History of Political Economy (2015) 47 (3): 449–479.
Published: 01 September 2015
... by cumulative investment. We finally study the different strategies for modeling learning developed in the 1950s and 1960s, showing the influence of RAND's and Armen Alchian's contributions on Arrow's use of a log-linear equation of learning and its introduction into an economic growth model. Correspondence...
Journal Article
History of Political Economy (2019) 51 (3): 471–491.
Published: 01 June 2019
...: the structure of the money market is clearer, as is the relationship of its equations with the microeconomic choices of banks. Regarding credit rationing, we found that modelers made important efforts to include it despite its nonobservable nature and to develop a measure of it. A succession of proxy variables...
Journal Article
History of Political Economy (2016) 48 (3): 515–544.
Published: 01 September 2016
... his new formulation was affected by this struggle. I argue that the forced saving thesis is inherently inconsistent with his Fundamental Equations, and the change in the equilibrating mechanism from price to output proposed by Ralph Hawtrey enabled Keynes to completely abolish this notion from his...
Journal Article
History of Political Economy (2014) 46 (2): 211–229.
Published: 01 June 2014
... laws could be found. Therefore, Haavelmo defined two different kinds of influences, potential and factual influences. To decide whether a regression equation represents a law, it is not the strengths of the factual influences that are relevant, but whether the potential influences are significant...
Journal Article
History of Political Economy (2022) 54 (5): 975–990.
Published: 01 October 2022
... correctives by way of asserting that certain knowledge should have been present even though it is not. An absence from the text does not equate to missing text in the form of an obviously anomalous omission. Studies of the historical backdrop against which Smith was writing cannot be given the same authority...
Journal Article
History of Political Economy (2021) 53 (4): 595–631.
Published: 01 August 2021
... in Princeton as well as his reading of Walras’s, Wicksell’s and Cassel’s work would be key. I also explain how he came to realize that there existed a formal analogy between systems of linear equations and inequalities with which he characterized (stationary and dynamic) economies and the minimax theorem...