The Development of the Theory of Exchange

John Creedy

No 605, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: The aim of this paper is to provide an outline of the development of the theory of exchange, concentrating on the less well-known development of the formal model which culminated in the contribution of Edgeworth. The importance of exchange, viewed as the central economic problem for the early neoclassical economists, is stressed. Instead of taking a chronological approach, non-utility approaches are first discussed.

Keywords: ECONOMIC THEORY; TRADE (search for similar items in EconPapers)
JEL-codes: B13 B31 F11 (search for similar items in EconPapers)
Pages: 45 pages
Date: 1998
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