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Normality as a Theoretical Concept

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  • Schlicht, Ekkehart

Abstract

This 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.

Suggested Citation

  • Schlicht, Ekkehart, 2005. "Normality as a Theoretical Concept," Discussion Papers in Economics 649, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muenec:649
    as

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    File URL: https://epub.ub.uni-muenchen.de/649/1/schlicht-normality-DP.pdf
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    References listed on IDEAS

    as
    1. Mehrdad Vahabi, 2006. "Normal value," Chapters, in: Tiziano Raffaelli & Giacomo Becattini & Marco Dardi (ed.), The Elgar Companion to Alfred Marshall, chapter 36, pages 273-280, Edward Elgar Publishing.
    2. Schlicht, Ekkehart, 1981. "Der Gleichgewichtsbegriff in der ökonomischen Analyse," Darmstadt Discussion Papers in Economics 6, Darmstadt University of Technology, Department of Law and Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Marshall; normal value; equilibrium; moving equilibrium; temporary equilibrium; d'Alembert; Principle of Hicks-d'Alembert; ex ante - ex post;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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