The Dupuit–Marshall Theory of Competitive Equilibrium

C-Tier
Journal: Economica
Year: 1999
Volume: 66
Issue: 262
Pages: 225-240

Authors (2)

Robert Ekelund Jr (not in RePEc) Robert F. Hébert (Auburn University)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Working with the classical expressions of demand, supply and market adjustments, the French engineer Jules Dupuit developed a model of competitive market adjustments in different time dimensions that anticipated Marshall’s ‘period analysis’ on all important points. Dupuit’s attempt to handle the complexity of economic phenomena in a scientific fashion, by utilizing the ceteris paribus method, and the integration of this method with the ‘facts’ of production in a ‘typical’ industry, generated a huge payoff for subsequent generations of economists. The payoff was enhanced by Marshall’s refinements, and realized by Marshall’s teaching, which took root in so many able students and disciples.

Technical Details

RePEc Handle
repec:bla:econom:v:66:y:1999:i:262:p:225-240
Journal Field
General
Author Count
2
Added to Database
2026-01-25