Normality as a Theoretical Concept
AbstractThis note comments briefly on Mehdad Vahabi's article on Alfred Marshall's concept of "Normal Value." It points out, in particular, the relationship between normality and equilibrium in the context of Marshall's moving equilibrium method.
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Bibliographic InfoPaper provided by University of Munich, Department of Economics in its series Discussion Papers in Economics with number 649.
Date of creation: May 2005
Date of revision:
Marshall; normal value; equilibrium; moving equilibrium; temporary equilibrium; d'Alembert; Principle of Hicks-d'Alembert; ex ante - ex post;
Find related papers by JEL classification:
- B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
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- Schlicht, Ekkehart, 1982.
"Der Gleichgewichtsbegriff in der ökonomischen Analyse,"
Munich Reprints in Economics
3372, University of Munich, Department of Economics.
- Schlicht, Ekkehart, 1981. "Der Gleichgewichtsbegriff in der ökonomischen Analyse," Darmstadt Discussion Papers in Economics 39257, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute of Economics (VWL).
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