An Inquiry Into the Causes and Nature of Walras' Theory of Tatonnement
In 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.
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.:
- 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.
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpeh:0504001. 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: (EconWPA)
If references are entirely missing, you can add them using this form.