caa a22 4500 386396086 CHVBK 20180307112139.0 cr unu---uuuuu 161130s1989 xx s 000 0 eng 10.1017/S0770451800029717 doi S0770451800029717 pii (NATIONALLICENCE)cambridge-10.1017/S0770451800029717 Ingrao Bruna Università di Sassari From Walras's General Equilibrium to Hicks's Temporary Equilibrium [Elektronische Daten] [Bruna Ingrao] Starting by and overview of open problems in the Walrasian heritage, the paper reviews tne debates which paved the way to Hicksian temporary equilibrium. In the late twenties and the thirties the open issue of equilibrium and business fluctuations gave rise to new research programmes centered on the need to add the time dimension in equilibrium analysis. The crucial result of the equilibrium and time controversy was that the general equilibrium concept cannot be defined unless it is related to a time horizon and to a process of planning over a time horizon. Ideas of intertemporal and temporary equilibrium in the writings of Hayek and Lindhal are examined in close connection with the debate on information and perfect foresight. The paper evaluates the novelty of Value and Capital with respect to the previous Austrian and Swedish contributions, arguing that the temporally equilibrium approach gained a more precise body of theory, but at the same time it lost its more innovative perspective. Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1989 021 nationallicence 031 nationallicence 021 nationallicence 031 nationallicence Recherches Economiques De Louvain / Louvain Economic Review Cambridge University Press 55/4(1989), 365-398 0770-4518 55:4<365 1989 55 LER https://doi.org/10.1017/S0770451800029717 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0770451800029717 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Ingrao Bruna Università di Sassari NATIONALLICENCE 773 0- Recherches Economiques De Louvain / Louvain Economic Review Cambridge University Press 55/4(1989), 365-398 0770-4518 55:4<365 1989 55 LER CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence SWISSBIB 216296439 BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge