An Inquiry Into the Causes and Nature of Walras' Theory of Tatonnement
AbstractIn this short note, a broad analysis of the tatonnement in Leon Walras theory of General Equilibrium is conducted. The possible origin of the tatonnement in Walras's theory and the basic mechanics of this process are discussed. Using modern and conflicting interpretations of the Edgeworth-Walras debate it is shown that the tatonnement process is not part of a dynamic model.
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Bibliographic InfoPaper provided by EconWPA in its series Economic History with number 0504001.
Length: 11 pages
Date of creation: 05 Apr 2005
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Note: Type of Document - pdf; pages: 11
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Leon Walras; tatonnement process; Edgeworth-Walras debate;
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- N - Economic History
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- Roberto Marchionatti, 2007.
"On the application of mathematics to political economy'. The Edgeworth--Walras--Bortkievicz controversy, 1889--1891,"
Cambridge Journal of Economics,
Oxford University Press, vol. 31(2), pages 291-307, March.
- Marchionatti Roberto, 2003. "On the application of mathematics to political economy. The Edgeworth-Walras-Bortkievicz Controversy, 1889-1891," CESMEP Working Papers 200306, University of Turin.
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