Knut Wicksell on Utility and Market Aggregation
Datos Bibliográficos
| ID | 4297971 |
|---|---|
| Autores | Mauro Boianovsky (0000-0002-6874-7624, autor de correspondencia) |
| Año | 2016 |
| Volumen | 48 |
| Número | 2 |
| Páginas | 307-340 |
| Fecha de publicación | 2016-06-01 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | History of Political Economy (JOURNAL) |
| Identificadores de la revista | ISSN: 0018-2702 • E-ISSN: 1527-1919 |
| Editorial | Duke University Press (PUBLISHER • US) |
| DOI | 10.1215/00182702-3494144 |
| OpenAlex | W2373845865 |
| Idioma | EN |
| Citas recibidas | 2 |
| Referencias citadas | 49 |
Knut Wicksell discussed in his 1893 Value, Capital, and Rent, as part of a critical comment on Launhardt and Jevons, conditions for consistent aggregation. He argued that Jevons's "trading body" concept was only valid if identical linear marginal utility functions (with ensuing parallel Engel lines for all individuals) could be assumed, which he regarded as unrealistic. Wicksell preferred Léon Walras's notion of market excess aggregate demand functions, which are functions of prices only. Such functions would not be affected by aggregation problems, if only disequilibrium transactions were assumed away. The article also addresses Wicksell's position concerning the so-called Cournot problem (that the general equilibrium system may not be able to provide precise numerical solutions), and his use of the notion of the representative agent in the formulation of the saving function
Aggregate (composite · Capital (architecture · Disequilibrium · Economics · Function (biology · Marginal utility · Mathematical economics · Neoclassical economics · Position (finance · Value (mathematics · Economic theories and models · Economic Theory and Institutions · Economic Theory and Policy · Finance · Mathematics
A World Ruled by Number
Mathematical Psychics
Economics and Consumer Behavior
Social Indifference Curves
Economic Theory in Retrospect
Indeterminacy in Exchange
Wicksell on harmony economics
The Representative Agent in Macroeconomics
Lectures on Political Economy
Cours d'économie politique
Economic Theory in Retrospect
The Development of Utility Theory. I
The Diagrammatical Representation of Demand Conditions in International Trade
The Diagrammatical Representation of Cost Conditions in International Trade
Microeconomic Theory
History of Economic Analysis
The New Classical Macroeconomics
Scientism and the Study of Society
Lectures on Political Economy
Axiomatisches Mißverständnis
Researches into the Mathematical Principles of the Theory of Wealth
History of Economic Theory
A Mathematical Theory of Saving
A History of Economic Theory
Before Macroeconomics
Whom or What Does the Representative Individual Represent
The Problem of Aggregation in Walras's General Equilibrium Theory
Aggregation and Estimation in the Theory of Demand
A History of Economic Theory and Method
Léon Walras's Role in the "Marginal Revolution" of the 1870s
Were Jevons, Menger, and Walras Really Cardinalists? On the Notion of Measurement in Utility Theory, Psychology, Mathematics, and Other Disciplines, 1870-1910
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Elements of Pure Economics
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| Obras citantes distintas | 2 |
|---|---|
| Citas por año | 0,33 |
| Intervalo de citas | 2020 - 2025 (6) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 2 |