Henry Ludwell Moore and the Dynamic Complement of Pure Economics
Drawing on H.L. Moore’s reflections on method, and in particular the place of pure economics in relation to dynamics and statistics, this paper focuses on Moore’s last attempt at the end of the 1920s to analyze economic dynamics within a general equilibrium framework. Moore suggests abandoning Walra...
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| Format: | Article |
| Language: | English |
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Association Œconomia
2013-09-01
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| Series: | Œconomia |
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| Online Access: | http://journals.openedition.org/oeconomia/325 |
| Summary: | Drawing on H.L. Moore’s reflections on method, and in particular the place of pure economics in relation to dynamics and statistics, this paper focuses on Moore’s last attempt at the end of the 1920s to analyze economic dynamics within a general equilibrium framework. Moore suggests abandoning Walras’s conception of a static and hypothetical general equilibrium state based on free competition, and adopting a concrete and dynamic approach. In this perspective, Moore conceives a tentative dynamic and potentially computable general equilibrium framework that specifically introduces relative deviations in the data on services, commodities, and capital, from their trend values. |
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| ISSN: | 2113-5207 2269-8450 |