Normality as a Theoretical Concept

Ekkehart Schlicht

Discussion Papers in Economics from University of Munich, Department of Economics

Abstract: This note comments briefly on Mehdad Vahabi's article on Alfred Marshall's concept of "Normal Value." It points out, in particular, the relationship between normality and equilibrium in the context of Marshall's moving equilibrium method.

Keywords: Marshall; normal value; equilibrium; moving equilibrium; temporary equilibrium; d'Alembert; Principle of Hicks-d'Alembert; ex ante - ex post (search for similar items in EconPapers)
JEL-codes: B13 B41 (search for similar items in EconPapers)
Date: 2005-05
New Economics Papers: this item is included in nep-hpe
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