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Lionello F. Punzo
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Lionello F. Punzo: University Of Pisa

A chapter in Value and Capital: Fifty Years Later, 1991, pp 31-37 from Palgrave Macmillan

Abstract: Abstract The theme of Grandmont’s chapter has a clear bearing on the general objective of this conference, which I take to be an attempt at appraisal and overall evaluation of the work originally inspired by Value and Capital. His chapter is very accurate on technical aspects but I would rather not engage in a discussion about details. It prompted me to re-read some of the classic Hicksian papers (as well as Value and Capital). I was struck by the comparison with the more recent literature reviewed in the paper, because at first sight it shows a fairly radical change in perspective. I have formulated a few questions, which I will present at the end together with some general remarks.

Keywords: General Equilibrium; Rational Expectation; General Equilibrium Model; Conceptual Issue; General Equilibrium Analysis (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-11029-2_2

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DOI: 10.1007/978-1-349-11029-2_2

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