Equilibrium and Disequilibrium in Walrasian and Neo-Walrasian Economics

Michel De Vroey

Journal of the History of Economic Thought, 2002, vol. 24, issue 4, 405-426

Abstract: In his 1989 Cambridge doctoral dissertation, The Concept of Equilibrium in Neoclassical Theory, Franco Donzelli observed that, “The history of the neoclassical approach over the last one hundred and twenty years can be interpreted as a history of the relationship between instantaneous and stationary equilibrium models, on the one hand, and of the developments internal to either class of models, on the other” (Donzelli 1989, p. 31).

Date: 2002
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