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equilibrium



Paul Davidson recently noted that "Marshall introduced the concept
[equilibrium] into economics, having "borrowed it from engineering".
I would note that Ingrao and Israel trace the explicit usage of
equilibrium back to the physiocrats (esp. Turgot).  Paul, are you
willing to clarify your statement?  Perhaps you simply mean that
Marshall _formally_ introduced it.

I am not trying to be belligerent here but simply curious.

Brian Eggleston
Department of Economics
Augustana College
egglesto@xxxxxxxxxxxxxx



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