On Stable Growth and Equilibrium

• Authors: Panek E.
• Languages of publication: PL

Abstracts

EN

The contemporary criticism of general equilibrium theory is usually focused on commonly taken assumption of stationarity of the Walrasian economic system. Despite the efforts to get out of the static Walrasian equilibrium the studies predominantly ended up with stability playing the secondary role in confrontation with the notion of equilibrium. The article demonstrates, on the basis of a generalized Walrasian system, that stationarity does not constitute the necessary condition for a stable economic growth.

Keywords

EN

GENERAL EQUILIBRIUM THEORY; GROWTH MODELS; MATHEMATICAL ECONOMICS

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Komitet Nauk Ekonomicznych PAN, Polskie Towarzystwo Ekonomiczne
• Journal: Ekonomista
• Year: 2005
• Issue: 1
• Pages: 9-26
• Document type: ARTICLE

Contributors

author

Panek E.

• E. Panek, Akademia Ekonomiczna w Poznaniu, Katedra Ekonomii Matematycznej, al. Niepodleglosci 10, 60-967 Poznan, Poland

Identifiers

CEJSH db identifier

05PLAAAA0026581