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La dynamique hors de l'équilibre

Author

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  • Jean-Luc Gaffard

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

Fluctuations appear as the expression of the way qualitative changes take place. This is due to the distorsion of productive capacity associated with change in a context where problems of coordination of economic activity arise. Such a view­point has been developed by Hayek and Hicks in separate contributions which have in common to consider that the role of time is of greatest importance in the theory of production (and capital) and in the theory of markets. This paper is aimed at bringing into light what are these contributions.

Suggested Citation

  • Jean-Luc Gaffard, 1999. "La dynamique hors de l'équilibre," Post-Print hal-03582922, HAL.
    • Handle: RePEc:hal:journl:hal-03582922
    DOI: 10.2307/3502763
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03582922
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    Keywords

    Fluctuations; Théorie des marchés;

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