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Incomplete Market Clearing

In: Value and Capital: Fifty Years Later

Author

Listed:
  • E. Malinvaud

    (College De France)

Abstract

Value and Capital was rightly read as dealing with the fundamental ideas and principles from which economic theory could develop. Today one of the most debated issues about our fundamental ideas concerns the extent of market clearing. My function in this confer ence is to open our discussion on this issue, hence mainly to identify the problems and hopefully help to a better recognition of the roles that various theories on the operation of the market system can respectively play.

Suggested Citation

  • E. Malinvaud, 1991. "Incomplete Market Clearing," International Economic Association Series, in: Lionel W. McKenzie & Stefano Zamagni (ed.), Value and Capital: Fifty Years Later, chapter 7, pages 179-196, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-11029-2_12
    DOI: 10.1007/978-1-349-11029-2_12
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    Cited by:

    1. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875.
    2. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.

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