Expectations, uncertainty and beliefs in the marshallian analysis of markets

Brian Loasby

Revue d'économie politique, 2002, vol. 112, issue 5, 659-670

Abstract: Marshall?s early encounter with the problems of knowledge shaped his attitude to both the method and content of economics. Theorists should avoid long chains of reasoning in favour of close contact with reality, and recognise that economic progress depends on the growth of knowledge through the division of labor, organization and experiment: each of these reflects the characteristics of the human brain in combining routines and imagination. The use of equilibrium should be justified as the outcome of a process which is to be explained by considering the basis of expectations. Classification JEL: B31, B41, D40, D83

Keywords: connaissance; méthode; organisation; équilibre (search for similar items in EconPapers)
JEL-codes: B31 B41 D40 D83 (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REDP_125_0659 (application/pdf)
http://www.cairn.info/revue-d-economie-politique-2002-5-page-659.htm (text/html)
free

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:cai:repdal:redp_125_0659

Access Statistics for this article

More articles in Revue d'économie politique from Dalloz
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().