English, Article, Journal or magazine article edition: On the Right Side for the Wrong Reason : Friedman on the Marshall-Walras divide Michel, DE VROEY

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/178362
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On the Right Side for the Wrong Reason : Friedman on the Marshall-Walras divide
Author
  • Michel, DE VROEY
Physical Description
  • preprint
Notes
  • The aim of this article is to assess FriedmanÕs claim, put forward in his 1949 article on the Marshallian demand curve, that there is a methodological divide between the Marshallian and Walrasian approaches. FriedmanÕs argument will be critically examined and compared with the views he expressed in other articles written around thesame time. My evaluation will lead to a mixed conclusion. Positively, Friedman must be hailed for having brought the Marshall-Walras divide to the forefront. In a more critical vein, I will suggest, first, that FriedmanÕs argumentation in the 1949 paper is definitely wanting. A better account of the differences between Marshall and Walras is to be found in his 1955 review of JaffŽÕs traslation of WalrasÕs ElŽments dÕŽconomie pure. Second, I will claim that FriedmanÕs real target in his 1949 article was imperfect competition theory ˆ la Chamberlin and Keynesianism ˆ la Lange, which he wrongly associated with Walrasian theory. Third, present-day proponents of the divide will be criticised for having naively echoed FriedmanÕs argumentation instead of having tried to improve it. The paper finishes with an outline of the criteria that should be used for giving te Marshall-Walras divide a stronger grounding.
  • Friedma; Marshall; Walras
  • RePEc:ctl:louvir:2004015
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment