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Walras' Economics : A Pure Theory of Capital and Money - Michio Morishima

Walras' Economics

A Pure Theory of Capital and Money

Paperback Published: 2nd November 1981
ISBN: 9780521285223
Number Of Pages: 224

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Originally published in 1977, this book is a companion to Professor Morishima's book Marx's Economics which was published in 1973. As he did so successfully with Marx, Morishima intended with this book to change the standard assessment of his subject's contribution to the development of economic thought. The standard view was that Walras provided, in the second half of the nineteenth century, the basis for general equilibrium theory. He was thus regarded as a microeconomist, a founder of marginalism; but Morishima argues that, while Walras certainly made important contributions in that area, it is his attempt to build a macroeconomics on that foundation that should be regarded as his main achievement. This book will provoke great interest amongst all economists and advanced students of economic theory and its history.

Exchange and Production
Arbitrage and exchange equilibrium
The tâtonnement
Walras' law and production
The dual-adjustment rules: Walrasian and Keynesian
Economic Growth
Capital formation and credit
A neoclassical theory of growth
Towards Keynes
Money and Interest
The Walrasian prototype
General equilibrium with encaisse désirée
Alternative theories of interest
The quantity theory of money
Say's law
Time Elements
Capital and money reconsidered
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521285223
ISBN-10: 0521285224
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 224
Published: 2nd November 1981
Country of Publication: GB
Dimensions (cm): 21.59 x 13.97  x 1.3
Weight (kg): 0.29

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