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.
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- 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.
- 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.
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