The Theory of Economic Change: A Comparative Study of Marshall and the "Classics"

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Autore principale: Marcella Corsi
Natura: Artículo científico
Lingua:en
Pubblicazione: Universidad Nacional Autónoma de México 2005
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author Marcella Corsi
author_facet Marcella Corsi
contents The Theory of Economic Change: A Comparative Study of Marshall and the "Classics" Marcella Corsi Economía y Finanzas This paper deals with two alternative answers to Smith’s question ‘What are the causes of the Wealth of Nations?’On the one hand, Marshallian equilibrium theory focuses on static increasing returns and assumes that the conditions of production and the demand for a commodity can be considered, in respect to small variations, as being practically independet On the other hand, in a classical perspective, economic progress consists of a cumulative and self-perpetuating process of change: established positions are constantly under pressure because the division of labour is at once a cause and an effect of economic progress. 2005 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60125301 en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.253 Vol.LXIV
format Artículo científico
id redalyc_60125301
institution Redalyc
language en
publishDate 2005
publisher Universidad Nacional Autónoma de México
spellingShingle The Theory of Economic Change: A Comparative Study of Marshall and the "Classics"
Marcella Corsi
Economía y Finanzas
The Theory of Economic Change: A Comparative Study of Marshall and the "Classics" Marcella Corsi Economía y Finanzas This paper deals with two alternative answers to Smith’s question ‘What are the causes of the Wealth of Nations?’On the one hand, Marshallian equilibrium theory focuses on static increasing returns and assumes that the conditions of production and the demand for a commodity can be considered, in respect to small variations, as being practically independet On the other hand, in a classical perspective, economic progress consists of a cumulative and self-perpetuating process of change: established positions are constantly under pressure because the division of labour is at once a cause and an effect of economic progress. 2005 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60125301 en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.253 Vol.LXIV
title The Theory of Economic Change: A Comparative Study of Marshall and the "Classics"
topic Economía y Finanzas
url https://www.redalyc.org/articulo.oa?id=60125301