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The classical dichotomy in the walrasian system: a critical examination
Journal of Economics and Business - SPOUDAI
View Archive Info| Field | Value | |
| Title |
The classical dichotomy in the walrasian system: a critical examination
The classical dichotomy in the walrasian system: a critical examination |
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| Creator |
Γιαννέλης, Δημήτριος
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| Subject |
Ισοσκέλιση του προϋπολογισμού; Οκονομική ανάλυση
Budgetary equilibrium; Economic analysis |
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| Description |
Walras' general equilibrium model with money is presented and the allegation that it retains the classical invalid dichotomy is re examined. It is shown that, although mathematically incorrect, the model retains the properties of a consistent system and a slight modification makes it determinate without changing its basic features. In fact Walras' model is shown to be equivalent to the standard neoclassical general equilibrium model with money as developed mainly by Patinkin. |
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| Publisher |
University of Piraeus
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| Date |
1991-04-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://spoudai.unipi.gr/index.php/spoudai/article/view/971
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| Source |
SPOUDAI - Journal of Economics and Business; Vol 41, No 2 (1991); 135-146
2241-424X 1105-8919 |
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| Language |
eng
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| Relation |
http://spoudai.unipi.gr/index.php/spoudai/article/view/971/1050
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| Rights |
Copyright (c) 1991 SPOUDAI - Journal of Economics and Business
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