IDEAS home Printed from https://ideas.repec.org/a/prs/reveco/reco_0035-2764_1998_num_49_5_410038.html
   My bibliography  Save this article

Léon Walras's General Economic Equilibrium Models of Capital Formation : Existence of a Solution

Author

Listed:
  • Jan van Daal

Abstract

[fre] Les modèles d'équilibre économique général de la formation de capital de Léon Walras : l'existence d'une solution. . Le sujet principal de cet article est la cohérence du modèle d'équilibre économique général de la formation de capital de Léon Walras. Après quelques remarques générales, un exposé bref de ce modèle est présenté. Ensuite, l'existence d'une solution du modèle est démontrée et discutée pour le cas où quelques équations ont été transformées en inégalités (comme l'a fait M. Morishima) ainsi que pour le cas original de Léon Walras, où toutes les relations sont des équations. L'idée de ces démonstrations trouve son origine chez Morishima. Les suppositions qui doivent être faites passeront en revue. Dans l'Annexe, l'existence d'une solution des autres modèles d'équilibre économique général a été discutée brièvement. [eng] Leon Walras's General Economic Equilibrium Models of Capital Formation. Existence of a Solution. . The main subject of this paper is the coherence of Leon Walras's general economic equilibrium model of capital formation. First, some general remarks are made and a short exposition of the model is presented. Then proofs follow for a case in which some of the equations have been replaced by inequalities as well as for the case of the original version, with equations only; the proofs have been inspired by a proof of Morishima. Attention has been devoted to the assumptions underlying the proofs. The existence of solutions for Walras's other general economic equilibrium models is shortly dealt with in the Appendix to this paper.

Suggested Citation

  • Jan van Daal, 1998. "Léon Walras's General Economic Equilibrium Models of Capital Formation : Existence of a Solution," Revue Économique, Programme National Persée, vol. 49(5), pages 1175-1198.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1998_num_49_5_410038
    DOI: 10.3406/reco.1998.410038
    Note: DOI:10.3406/reco.1998.410038
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/reco.1998.410038
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/
    File URL: https://www.persee.fr/doc/reco_0035-2764_1998_num_49_5_410038
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/
    File URL: https://libkey.io/10.3406/reco.1998.410038?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. J. v. Neumann, 1945. "A Model of General Economic Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 13(1), pages 1-9.
    2. Weintraub, E Roy, 1983. "On the Existence of a Competitive Equilibrium: 1930-1954," Journal of Economic Literature, American Economic Association, vol. 21(1), pages 1-39, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yoann Verger, 2015. "Sraffa and ecological economics: review of the literature," Working Papers hal-01182894, HAL.
    2. Zacharias Bragoudakis & Evangelia Kasimati & Christos Pierros & Nikolaos Rodousakis & George Soklis, 2022. "Measuring Productivities for the 38 OECD Member Countries: An Input-Output Modelling Approach," Mathematics, MDPI, vol. 10(13), pages 1-21, July.
    3. Palma, Nuno, 2018. "Money and modernization in early modern England," Financial History Review, Cambridge University Press, vol. 25(3), pages 231-261, December.
    4. Jean-Luc Gaffard, 2022. "Instabilité et résilience des économies de marché: Essai sur l'économie du libéralisme social," GREDEG Working Papers 2022-33, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    5. Arthur Brackmann Netto, 2017. "The Double Edge of Case-Studies: A Frame-Based Definition of Economic Models," Working Papers, Department of Economics 2017_21, University of São Paulo (FEA-USP).
    6. Eduardo Ley, 1991. "Eficiencia productiva: un estudio aplicado al sector hospitalario," Investigaciones Economicas, Fundación SEPI, vol. 15(1), pages 71-88, January.
    7. Hazan, Aurélien, 2017. "Volume of the steady-state space of financial flows in a monetary stock-flow-consistent model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 473(C), pages 589-602.
    8. Pham, Manh D. & Zelenyuk, Valentin, 2019. "Weak disposability in nonparametric production analysis: A new taxonomy of reference technology sets," European Journal of Operational Research, Elsevier, vol. 274(1), pages 186-198.
    9. Amir, Shmuel, 1995. "Welfare maximization in economic theory: Another viewpoint," Structural Change and Economic Dynamics, Elsevier, vol. 6(3), pages 359-376, August.
    10. Bogliacino, Francesco & Rampa, Giorgio, 2014. "Expectational bottlenecks and the emerging of new organizational forms," Structural Change and Economic Dynamics, Elsevier, vol. 29(C), pages 28-39.
    11. Giuseppe Freni & Fausto Gozzi & Neri Salvadori, 2017. "Existence of optimal strategies in linear multisector models with several consumption goods," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 40(1), pages 199-229, November.
    12. Truchon, Michel, 1988. "Programmation mathématique et théorie économique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 64(2), pages 143-156, juin.
    13. Cem Ertur & Wilfried Koch, 2006. "The Role of Human Capital and Technological Interdependence in Growth and Convergence Processes: International Evidence," DEGIT Conference Papers c011_029, DEGIT, Dynamics, Economic Growth, and International Trade.
    14. Nayak, Purusottam & Mishra, SK, 2009. "Structural Change in Meghalaya: Theory and Evidence," MPRA Paper 15728, University Library of Munich, Germany.
    15. Caspar Sauter, 2014. "How should we measure environmental policy stringency? A new approach," IRENE Working Papers 14-01, IRENE Institute of Economic Research.
    16. Becchio Giandomenica, 2009. "Ethics and economics in Karl Menger: how did social sciences cope with Hilbertism," CESMEP Working Papers 200905, University of Turin.
    17. Matheus Assaf, 2017. "Coast to Coast: How MIT's students linked the Solow model and optimal growth theory," Working Papers, Department of Economics 2017_20, University of São Paulo (FEA-USP).
    18. Heinz D. Kurz, 2011. "The Contributions of Two Eminent Japanese Scholars to the Development of Economic Theory: Michio Morishima and Takashi Negishi," Chapters, in: Heinz D. Kurz & Tamotsu Nishizawa & Keith Tribe (ed.), The Dissemination of Economic Ideas, chapter 13, Edward Elgar Publishing.
    19. Kiedrowski, Roman, 2018. "Profit rates equalization and balanced growth in a multi-sector model of classical competition," Journal of Mathematical Economics, Elsevier, vol. 77(C), pages 39-53.
    20. Jens J. Krüger, 2008. "Productivity And Structural Change: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 22(2), pages 330-363, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_1998_num_49_5_410038. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/reco .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.