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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
- Thread context:
- equilibrium versus dynamic,
RICHARD P.F. HOLT Sat 22 Jan 1994, 13:12 GMT
- M-C-M,
PHILLPS Sat 22 Jan 1994, 06:15 GMT
- Re: Equilibrium, stasis and death 21 Jan 1994 00:03:02 -0700 from <Steve.Keen@unsw.EDU.AU>,
Jim Devine Fri 21 Jan 1994, 18:51 GMT
- Re: Equilibrium, stasis and death 21 Jan 1994 00:02:30 -0700 from <AISAAC@american.edu>,
Jim Devine Fri 21 Jan 1994, 18:11 GMT
- equilibrium,
Brian Eggleston Fri 21 Jan 1994, 17:03 GMT
- <Possible follow-up(s)>
- equilibrium,
Paul Davidson Tue 25 Jan 1994, 15:31 GMT
- Re: Keynes & New Keynesianism, Davidson's post <PB108928%UTKVM1.BITNET@vaxf.Colorado.EDU>,
Alan G. Isaac Fri 21 Jan 1994, 16:00 GMT
- Re: Minsky, FIH, and stability <9401211440.AA23433@nyx.cs.du.edu>,
wpc Fri 21 Jan 1994, 15:31 GMT
- Re: Keynes & New Keynesianism, Davidson's post,
Paul Davidson Fri 21 Jan 1994, 12:11 GMT
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