The history of the micro economics in the marginal revolution period of Britain: The modern implication of how the disequilibrium theory is preceded by the equilibrium theory.

2016 Fiscal Year Final Research Report

• Project/Area Number: 25380255
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Economic doctrine/Economic thought
• Research Institution: Meiji Gakuin University
• Principal Investigator: NAKANO Satoko 明治学院大学, 経済学部, 教授 (20245624)
• Project Period (FY): 2013-04-01 – 2017-03-31
• Keywords: 限界革命 / ミクロ経済学 / 均衡理論 / 不均衡理論 / ジェヴォンズ / エッジワース / マーシャル

Outline of Final Research Achievements

This study aims to clarify that in the Britain from 1870 to 1890, the perspective of disequilibrium theory is preceded by equilibrium theory. A summary of the research results is as follows: 1. The divide of disequilibrium analysis and equilibrium analysis is between Jevons, Edgeworth, early Marshall from 1870 to 1980 and late Marshall since 1890. 2. The disequilibrium point of view was closely related to the origin of contemporary analytical tools such as envelope structures and the parametric economy with increasing returns to scale. 3. Along with the analytical tools of 2, the perspective of game theoretic view and the mechanism design started to develop. Thus, the historical understanding of the process of modern microeconomics formation is greatly revised.

Free Research Field

経済学史