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Marx and Input-Output Analysis and General Equilibrium Theory
Published 2016-03-01“…This article shows the following: (1) Marx has given a description of the relationship between industries, which is equivalent to Walras's theoretical version of input-output and to Leontief's empirical (monetary) input-output analysis. (2) Marx's version of general equilibrium theory is characterized by the attributes required for the formulation of the theoretical (abstract) model: the conditions for the existence of the general equilibrium state and simplified assumptions. …”
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The general equilibrium theory of effective protection and resource allocation,
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Generic costing scheme using general equilibrium theory for fair cloud service charging
Published 2021“…Therefore, this paper proposes a generic costing scheme for Cloud services using General Equilibrium Theory (GET). GET helps to formulate the price function for various services’ factors to match with various demands from the users. …”
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Notes on Michio Morishima's Understanding of Marxian Economics
Published 2019-09-01“…However, Morishima's understanding of Marxian economics is full of contradictions: on the one hand, he speaks highly of Marxian economics, believing that Marx has conducted pioneering work in and made innovative contributions to general equilibrium theory, dynamic general equilibrium theory, contemporary economic growth theory, input–output analysis and the dual dualities of commodity production society and the like important fields and front subjects of modern economics, in particular Morishima, employing mathematical methods, has proved the objectivity of values and the sufficiency and necessity of exploitation to capitalism; on the other hand, Morishima attempts to integrate Marxian economics into orthodox economics, and finally contends abandoning the labor theory of value, the theory of exploitation (the theory of surplus value) and the theory of the breakdown of capitalism. …”
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Comparative statics and welfare theorems when goods are normal.
Published 2001“…We examine the impact of the normality assumption, together with the weak axiom, in three related areas of general equilibrium theory. Most obviously, these properties have important implications for equilibrium comparative statics, in the context of exchange, production or (incomplete) financial economies. …”
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On the Stability of an Islamic Financial System
Published 2014-07-01“…As in traditional general equilibrium theory, there is a price system comprised of a real rate of return to capital and a price level of commodities that simultaneously clears asset and commodity markets. …”
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Econophysics and the Entropic Foundations of Economics
Published 2021-09-01“…Areas considered include general equilibrium theory, growth theory, business cycles, ecological economics, urban–regional economics, income and wealth distribution, and financial market dynamics. …”
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Corporate social responsibility stimulus on environmental problems: Spatial threshold model analysis.
Published 2023-01-01“…The paper develops a theoretical framework based on the general equilibrium theory's multi-sector model to examine how tax competition affects environmental degradation. …”
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Hierarchies of Asociative Dynamics, Starting From Romania’s Macro-Economic Imbalances in the EU-28. What Does Romania’s Economic Evolution in the EU-28 Look Like?
Published 2017-09-01“…Lastly, they offer a disaggregation into partial equilibria turned into the analysis criteria of the general equilibrium theory through Nicholas Kaldor’s magical square, which became the magic rectangle of Lionel Stoléru’s strategy. …”
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On two recent attempts to introduce animal spirits in macroeconomics: Heresy or enlightened church reform?
Published 2021-06-01“…By following the powerful religious metaphor introduced by Farmer, according to which general equilibrium theory underlying standard models should be regarded as a ‘church’, this paper stresses two points. …”
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Du keynésianisme au libertarianisme.La place de la monnaie dans les transformations du savoir économique autorisé
“…Section II shows how money, whose characteristic is to have no economic role in General Equilibrium Theory, has tormented american mainstream economics since the nineteen seventies. …”
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Sharing idiosyncratic risk even though prices are “wrong”
Published 2022“…Our study is based on the consumption-based general equilibrium theory (Lucas (1978)). The presence of traders having induced motive to smooth consumption is not sufficient to eliminate price bubbles. …”
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Essays in financial stability under financial frictions
Published 2012“…In the second essay, illuminated by the empirical findings, I apply and expand the general equilibrium theory of money, default and financial stability. …”
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Alla ricerca di una migliore teoria macroeconomica (Looking for a better macroeconomic theory)
Published 2019-09-01“…Macroeconomists often pride themselves of developing their argument in terms of a stripped-down version of general equilibrium theory, but they ignore the fact that the stability of general economic equilibrium cannot be demonstrated under sufficiently general conditions. …”
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Comparative Analysis of Mechanisms of Schumpeterian Evolution
Published 2018-01-01“…Due to both the formal conceptual apparatus of the general equilibrium theory and Hurwicz’s approach to the problem of designing economic mechanisms, the paper takes the form of an axiomatc deductve system of mathematcal theorems interpreted in the language of economics.…”
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