Equilibrium Theory in Infinite Dimensional Spaces

The article is devoted to the analysis of methodological problems in using the conception of macroeconomic equilibrium in contemporary economics. The author considers theoretical status and relevance of equilibrium conception and discusses different areas and limits of applicability of the equilibrium theory. Special attention is paid to different epistemological criteria for this theory taking into account both empirical analysis of the real stability of economic systems and the problem of unobservability of equilibrium states.

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Integrating economic cycles theory with equilibrium theory (the second half of the 1920s and 1930s) and N. D. Kondratiev’s project of economic dynamics

Voprosy Ekonomiki ◽

10.32609/0042-8736-2014-1-22-39 ◽

2014 ◽

pp. 22-39 ◽

Cited By ~ 5

Author(s):

N. Makasheva

Keyword(s):

Economic Theory ◽

Equilibrium Theory ◽

Economic Dynamics ◽

Economic Cycles

The article considers the ways to overcome the methodological gap between the analysis of economic cycles and the pure economic theory as suggested by the Western economists in the 1920s and 1930s. In this context, N. D. Kondratiev’s project of economic dynamics is analyzed, which implied a radically different vision of the opportunities to solve this problem.

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Some Developments in Economic Theory Since 1940: An Eyewitness Account

Voprosy Ekonomiki ◽

10.32609/0042-8736-2010-4-4-23 ◽

2010 ◽

pp. 4-23 ◽

Cited By ~ 1

Author(s):

K. Arrow

Keyword(s):

Economic Theory ◽

General Equilibrium ◽

Equilibrium Theory ◽

General Equilibrium Theory ◽

Economics Of Information ◽

Modern Economic ◽

Eyewitness Account ◽

Theory Uncertainty ◽

Professional Formation

The article considers the evolution of some branches of modern economic theory from the perspective of the authors biography as a scientist and his professional formation. It describes problems of econometrics, general equilibrium theory, uncertainty, economics of information, and growth. It is shown how different authors representing various fields came to similar conclusions simultaneously and independently, what were the problems, in response to which economists of the second half of last century developed their theories, and what were the contexts of such development.

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