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Non-Walrasian Equilibria and Macroeconomics

  • Antoine d’Autume
Part of the Keynesian Studies book series (KST)

Abstract

The theory of non-Walrasian equilibria provides a method for analysing the problems of allocation in an economy with imperfectly functioning markets. This method is new, and represents a direct line of development which in our view can be traced from Clower’s original (1965) article to the construction of general non-Walrasian equilibrium models. It is also general, and thus capable of being applied to numerous areas in macroeconomic theory.

Keywords

Real Wage Capacity Utilisation Trade Balance Domestic Demand Money Stock 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Association pou le Dévelopment des Etudes Keynésiennes 1988

Authors and Affiliations

  • Antoine d’Autume

There are no affiliations available

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