Economic theories in competition: A new narrative of the debate on the General Economic Equilibrium theory in the 1930s

The paper deals with the debate on the General Economic Equilibrium (GEE) in the 1930s in Vienna and at the London School of Economics and offers an interpretation of it different from that of the traditional narratives. It interprets the debate as a renewed confrontation between the two different c...

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Main Authors: Marchionatti Roberto, Mornati Fiorenzo
Format: Article
Language:English
Published: Economists' Association of Vojvodina 2016-01-01
Series:Panoeconomicus
Subjects:
Online Access:http://www.doiserbia.nb.rs/img/doi/1452-595X/2016/1452-595X1600022M.pdf
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spelling doaj-63b7139375bd41c2ba1a83f7f78d47b12020-11-24T21:58:40ZengEconomists' Association of VojvodinaPanoeconomicus1452-595X2217-23862016-01-0163550352310.2298/PAN141125022M1452-595X1600022MEconomic theories in competition: A new narrative of the debate on the General Economic Equilibrium theory in the 1930sMarchionatti Roberto0Mornati Fiorenzo1NemaNemaThe paper deals with the debate on the General Economic Equilibrium (GEE) in the 1930s in Vienna and at the London School of Economics and offers an interpretation of it different from that of the traditional narratives. It interprets the debate as a renewed confrontation between the two different classical methodological paths of research in GEE, the Paretian and the Walrasian ones. What emerges from this examination is a picture of different approaches and theories in competition, in particular on the issue of the relationship between theory and the real world. This was the fundamental issue at stake. Herein lies also the interest in those distant controversies for the current debate in economics.http://www.doiserbia.nb.rs/img/doi/1452-595X/2016/1452-595X1600022M.pdfHicksWaldVon NeumannGeneral Economic Equilibriummathematics and economics
collection DOAJ
language English
format Article
sources DOAJ
author Marchionatti Roberto
Mornati Fiorenzo
spellingShingle Marchionatti Roberto
Mornati Fiorenzo
Economic theories in competition: A new narrative of the debate on the General Economic Equilibrium theory in the 1930s
Panoeconomicus
Hicks
Wald
Von Neumann
General Economic Equilibrium
mathematics and economics
author_facet Marchionatti Roberto
Mornati Fiorenzo
author_sort Marchionatti Roberto
title Economic theories in competition: A new narrative of the debate on the General Economic Equilibrium theory in the 1930s
title_short Economic theories in competition: A new narrative of the debate on the General Economic Equilibrium theory in the 1930s
title_full Economic theories in competition: A new narrative of the debate on the General Economic Equilibrium theory in the 1930s
title_fullStr Economic theories in competition: A new narrative of the debate on the General Economic Equilibrium theory in the 1930s
title_full_unstemmed Economic theories in competition: A new narrative of the debate on the General Economic Equilibrium theory in the 1930s
title_sort economic theories in competition: a new narrative of the debate on the general economic equilibrium theory in the 1930s
publisher Economists' Association of Vojvodina
series Panoeconomicus
issn 1452-595X
2217-2386
publishDate 2016-01-01
description The paper deals with the debate on the General Economic Equilibrium (GEE) in the 1930s in Vienna and at the London School of Economics and offers an interpretation of it different from that of the traditional narratives. It interprets the debate as a renewed confrontation between the two different classical methodological paths of research in GEE, the Paretian and the Walrasian ones. What emerges from this examination is a picture of different approaches and theories in competition, in particular on the issue of the relationship between theory and the real world. This was the fundamental issue at stake. Herein lies also the interest in those distant controversies for the current debate in economics.
topic Hicks
Wald
Von Neumann
General Economic Equilibrium
mathematics and economics
url http://www.doiserbia.nb.rs/img/doi/1452-595X/2016/1452-595X1600022M.pdf
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