Walras' Economics
A Pure Theory of Capital and Money
Michio Morishima(Author)
Cambridge University Press
Published on 14. July 1977
Book
Hardback
248 pages
978-0-521-21487-2 (ISBN)
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Description
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.
More details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
College/higher education
Weight
410 gr
ISBN-13
978-0-521-21487-2 (9780521214872)
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Book
09/1981
Cambridge University Press
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Additional editions

Book
09/1981
Cambridge University Press
€58.70
Shipment within 15-20 days
Content
Preface; Introduction; Part I. Exchange and Production: 1. Arbitrage and exchange equilibrium; 2. The tatonnement; 3. Walras' law and production; 4. The dual-adjustment rules: Walrasian and Keynesian; Part II. Economic Growth: 5. Capital formation and credit; 6. A neoclassical theory of growth; 7. Towards Keynes; Part III. Money and Interest: 8. The Walrasian prototype; 9. General equilibrium with encaisse desiree; 10. Alternative theories of interest; 11. The quantity theory of money; 12. Say's law; Part IV. Time Elements: 13. Capital and money reconsidered; Index.