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Incomplete Market Clearing

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Value and Capital: Fifty Years Later

Part of the book series: International Economic Association Series ((IEA))

Abstract

Value and Capital was rightly read as dealing with the fundamental ideas and principles from which economic theory could develop. Today one of the most debated issues about our fundamental ideas concerns the extent of market clearing. My function in this confer ence is to open our discussion on this issue, hence mainly to identify the problems and hopefully help to a better recognition of the roles that various theories on the operation of the market system can respectively play.

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Lionel W. McKenzie Stefano Zamagni

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© 1991 International Economic Association

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Malinvaud, E. (1991). Incomplete Market Clearing. In: McKenzie, L.W., Zamagni, S. (eds) Value and Capital: Fifty Years Later. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11029-2_12

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