The Theory of Economic Change

Sidney Merlin

The Quarterly Journal of Economics, 1945, vol. 59, issue 2, 185-205

Abstract: Value theory and the theory of economic change, 185. — I. Preoccupation with static systems and with equilibrium, 186. — II. Assumptions of value theory lead to difficulties, 187. — Instantaneous analysis, 189. — Probability approach, 190. — Mechanism of change excluded, 192. — III. Expectations, 193. — Deriving welfare propositions, 194. — Analogy in quantum physics, 197. — The question of units, 198. — IV. Developing a theory of economic change: micro-economic vs. macro-economic conditions, 199; selection of relevant parameters, 199; projection of past performance of parameters, 200; cumulative change, 202. — Conclusions, 203.

Date: 1945
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2307/1884825 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:59:y:1945:i:2:p:185-205.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().