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Normality as a Theoretical Concept

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Author Info
Schlicht, Ekkehart

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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.

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File URL: http://epub.ub.uni-muenchen.de/649/1/schlicht-normality-DP.pdf
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Publisher Info
Paper provided by University of Munich, Department of Economics in its series Discussion Papers in Economics with number 649.

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Date of creation: May 2005
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Handle: RePEc:lmu:muenec:649

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Related research
Keywords: Marshall; normal value; equilibrium; moving equilibrium; temporary equilibrium; d'Alembert; Principle of Hicks-d'Alembert; ex ante - ex post;

Find related papers by JEL classification:
B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (includes Austrian, Marshallian, Walrasian)
B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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