Un exposé de la théorie du déséquilibre
This paper reviews the principal theories on disequilibrium, from Walras to Barro and Grossman. There is a certain tendency in most of these theories to consider equilibrium and disequilibrium as independent phenomenons: at the end of a disequilibrium period, equilibrium in the neoclassical sense reappears, i.e. a paretian optimum. Disequilibrium is at most an adjustment period. But Glower is opposed to this methodology. Equilibrium periods are very influenced by preceding disequilibrium periods. For example, Clower considers unemployment as a situation of equilibrium. This is a nonsense for a neoclassical economist for whom equilibrium is an ideal state. Clower attacks veritably the traditional economic analysis which attributes to the equilibrium of perfect competition certain ideal properties. Finally, we emphasize that the theory of disequilibrium may arrive to explain stagflation.
Volume (Year): 54 (1978)
Issue (Month): 3 (juillet)
|Contact details of provider:|| Web page: http://www.scse.ca/|
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Grossman, Herschel I, 1974. "The Nature of Quantities in Market Disequilibrium," American Economic Review, American Economic Association, vol. 64(3), pages 509-514, June.
- Barro, Robert J & Grossman, Herschel I, 1971. "A General Disequilibrium Model of Income and Employment," American Economic Review, American Economic Association, vol. 61(1), pages 82-93, March.
- William C. Brainard & James Tobin, 1968. "Pitfalls in Financial Model-Building," Cowles Foundation Discussion Papers 244, Cowles Foundation for Research in Economics, Yale University.
- Grossman, Herschel I., 1969. "Theories of markets without recontracting," Journal of Economic Theory, Elsevier, vol. 1(4), pages 476-479, December.
When requesting a correction, please mention this item's handle: RePEc:ris:actuec:v:54:y:1978:i:3:p:384-401. 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: (Bruce Shearer)
If references are entirely missing, you can add them using this form.