The Temporary Equilibrium Method

John Hicks

in Methods of Dynamic Economics

Published in print October 1987 | ISBN: 9780198772873
Published online November 2003 | e-ISBN: 9780191596438 | DOI:
 The Temporary Equilibrium Method

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This chapter considers the dynamic method developed by Erik Lindahl in 1929–30. It was worked out at just the same time as Keynes's Treatise; but it was (at least initially) quite independent of the Treatise, nor did Keynes know anything appreciable about it until after he had written the General Theory.

Keywords: economic theory; dynamic economics; Erik Lindahl; Temporary Equilibrium model

Chapter.  8744 words. 

Subjects: Macroeconomics and Monetary Economics

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