IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Hicks on Walrasian equilibrium in the 1930s and beyond

Listed author(s):
  • Franco Donzelli

    ()

    (Università degli Studi di Milano - Dipartimento di Economia, Management e Metodi Quantitativi)

Registered author(s):

    After many explorations in different directions during the early 1930s, in 1934 Hicks ends up by advocating an interpretation of Walrasian equilibrium and capital theory along stationary lines, but the suggested interpretation is at variance with the views endorsed by the last Walras and Pareto at the turn of the century. In the second half of the 1930s, Hicks’s ideas on equilibrium and capital progressively change. With the publication of Value and Capital in 1939, this process culminates in the rediscovery of an equilibrium concept, Hicks’s temporary equilibrium, that is similar to the one adopted by Walras and Pareto about forty years before. Yet such direct link with the Walrasian tradition is not overtly recognised: on the contrary, the essentially Walrasian character of Hicks’s temporary equilibrium approach is carefully disguised under Marshallian garments. The paper aims at clarifying the reasons behind the winding path followed by Hicks over the 1930s.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.libraweb.net/articoli.php?chiave=201206102&rivista=61
    Download Restriction: Access to full text is restricted to subscribers

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Fabrizio Serra Editore, Pisa - Roma in its journal History of Economic Ideas.

    Volume (Year): 20 (2012)
    Issue (Month): 2 ()
    Pages: 65-112

    as
    in new window

    Handle: RePEc:hid:journl:v:20:y:2012:2:4:p:65-112
    Contact details of provider: Web page: http://www.libraweb.net

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:hid:journl:v:20:y:2012:2:4:p:65-112. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mario Aldo Cedrini)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.