Dvoskin, Ariel - Dipartimento di Economia Politica e Statistics, … - 2013
The article discusses M. Allais’ contributions on equilibrium and capital during the 1940s. While in his Traité (1943 …) Allais formalizes for the first time an intertemporal general equilibrium (IGE) in a finitehorizon economy, he subsequently … stationary equilibrium. The article argues: i) that Allais’ reasons to leave the IGE framework behind, of which the most …