The work reappraises an extremely relevant debate in economic theory, as the current state of the dominant theory in its Neo-Walrasian reformulation; especially, its incapability to offer a proper discussion of disequilibrium dynamics. The candidate does so by critically examining some of the contributions that, since the middle of the last century, allowed the consolidation of this version of the theory, as the works of Clower (1965, 1969) and Patinkin ([1956] 1965). Furthermore, through an exam of one of the most influential marginalist authors of the XX century, such as J.R. Hicks, the work also contributes to clarifying the conditions that allowed the marginalist theory in its traditional version (long-period version) to study the working of real economies.
Galeotti, A. (2021). Three essays on disequilibrium dynamics and the evolution of macroeconomics in the '50s and '60s [10.25434/galeotti-andrea_phd2021_249580].
Three essays on disequilibrium dynamics and the evolution of macroeconomics in the '50s and '60s
Galeotti, Andrea
2021-01-01
Abstract
The work reappraises an extremely relevant debate in economic theory, as the current state of the dominant theory in its Neo-Walrasian reformulation; especially, its incapability to offer a proper discussion of disequilibrium dynamics. The candidate does so by critically examining some of the contributions that, since the middle of the last century, allowed the consolidation of this version of the theory, as the works of Clower (1965, 1969) and Patinkin ([1956] 1965). Furthermore, through an exam of one of the most influential marginalist authors of the XX century, such as J.R. Hicks, the work also contributes to clarifying the conditions that allowed the marginalist theory in its traditional version (long-period version) to study the working of real economies.File | Dimensione | Formato | |
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https://hdl.handle.net/11365/1143816