Demonstrar a ordem racional do mercado : reflexões em torno de um projeto impossível
By: GANEM, Angela
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Material type: 
ArticlePublisher: São Paulo : Nobel, abr./jun. 1996Revista de Economia Política = Brazilian Journal of Political Economy 16, 2, p. 105-122Abstract: The Walrasian approach in the neoclassical theory aims to set of explain a general and stable equilibrium over time which is determined by the maximizing behavior of agents in the market place. This paper intends to highlight the main logical shortcomings inherent to the General Equilibrium Theory, which have important implications at the research level. In this content, the main issues become: 1) at the level of assumptions, the issue of stability introduces a fundamental indetermination in the model; ii) the well known market imperfections in the real world contribute to the impossibility of setting general principles. The search to address the issues through a more realistic approach generates new indeterminations and makes it even more difficult to attain the Pareto Optimum. In order to better understand the logical and methodological impossibilities of this theory, the article suggests to refer the research program to the rational constructivist philosophy of modem times
The Walrasian approach in the neoclassical theory aims to set of explain a general and stable equilibrium over time which is determined by the maximizing behavior of agents in the market place. This paper intends to highlight the main logical shortcomings inherent to the General Equilibrium Theory, which have important implications at the research level. In this content, the main issues become: 1) at the level of assumptions, the issue of stability introduces a fundamental indetermination in the model; ii) the well known market imperfections in the real world contribute to the impossibility of setting general principles. The search to address the issues through a more realistic approach generates new indeterminations and makes it even more difficult to attain the Pareto Optimum. In order to better understand the logical and methodological impossibilities of this theory, the article suggests to refer the research program to the rational constructivist philosophy of modem times
Revista de Economia Política 1996
v. 16, n. 2(62)
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