蛛网理论、市场稳定和价格预期

IF 1.2 3区经济学 Q1 HISTORY

Journal of the History of Economic Thought Pub Date : 2023-01-30 DOI:10.1017/S1053837222000116

Geoffrey Poitras

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引用次数: 1

摘要

蛛网理论的贡献者包括许多20世纪的主要经济学家。从1930年早期开始，蛛网理论在具有内生动力的递归线性模型中对市场稳定性的看法的演变中发挥了关键作用。在蛛网理论中，这种演变的焦点是从幼稚到适应理性价格预期的转变。在回顾了史前史之后，本文考察了由Jan Tinbergen、Henry Schultz和Umberto Ricci发起的第一波线性蛛网理论，并继续考虑与商品市场内生周期相关的第二波蛛网模型中价格预期的演变。本文评估了现代蛛网理论在讨论市场均衡稳定性和与理性预期过程的联系中的作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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COBWEB THEORY, MARKET STABILITY, AND PRICE EXPECTATIONS

Contributors to cobweb theory include many leading economists of the twentieth century. From early beginnings in 1930, cobweb theory played a key role in evolving perceptions of market stability arising from recursive linear models with endogenous dynamics. The focal point of this evolution in cobweb theory is the transition from naive to adaptive to rational price expectations. After a review of the prehistory, this paper examines the first wave of linear cobweb theory initiated by Jan Tinbergen, Henry Schultz, and Umberto Ricci and proceeds to consider the evolution of price expectations in the second wave of cobweb models associated with endogenous cycles in commodity markets. The role of modern cobweb theory in discussions about the stability of market equilibrium and the connection to processes with rational expectations is assessed.

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来源期刊

Journal of the History of Economic Thought Multiple-

CiteScore

1.30

自引率

22.20%

发文量

期刊介绍： The mission of JHET is to further the objectives of the History of Economics Society. These are to promote interest in and inquiry into the history of economics and related parts of intellectual history, facilitate communication and discourse among scholars working in the field of the history of economics, and disseminate knowledge about the history of economics. JHET therefore encourages and makes available research in the fields of history of economic thought and the history of economic methodology. The work of many distinguished authors has been published in its pages. It is recognised as being a first class international scholarly publication. All articles are fully peer reviewed.