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Le Chatelier and General Equilibrium

In: Demand, Equilibrium and Trade

Author

Listed:
  • W. M. Gorman

Abstract

I have recently been reading the papers presented at a conference on methodology sponsored by the Royal Economic Society in the home of lost causes and the presidential addresses that gave rise to it. Some of these1 are by old gentlemen like myself bewailing the conduct of the young, especially their use of mathematical and statistical arguments not heard in respectable households in the old days. As one these I have my own particular complaint: I was taught economics as a way of thinking about problems; it has become a body of theorems. Intuition and imagination have been sacrificed to precision and rigour, or so it seems to me.

Suggested Citation

  • W. M. Gorman, 1984. "Le Chatelier and General Equilibrium," Palgrave Macmillan Books, in: A. Ingham & A. M. Ulph (ed.), Demand, Equilibrium and Trade, chapter 1, pages 1-18, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06358-1_1
    DOI: 10.1007/978-1-349-06358-1_1
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