Knowledge that Transforms

Production Functions in which the Elasticities of Substitution stand in Fixed Proportion to Each Other: A Comment Get access M. S. Ramanujam M. S. Ramanujam Delhi School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 4, October 1967, Page 432, https://doi.org/10.2307/2296564 Published: 01 October 1967

Journal Article The Equivalence of Liquidity Preference and Loanable Funds Theories in Stock-Flow Economies: A Comment Get access R. J. Ruffin R. J. Ruffin Washington State University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 4, October 1967, Pages 420–421, https://doi.org/10.2307/2296561 Published: 01 October 1967

Journal Article Possibilites d'Agregation de Fonctions de Production a Variables Capital et Main d'Oeuvre Get access A. Nataf A. Nataf Faculté des Sciences de Caen and CERMAP Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 2, April 1967, Pages 219–226, https://doi.org/10.2307/2296810 Published: 01 April 1967

Journal Article The Perceived Demand Curve in the Theory of Second Best Get access Takashi Negishi Takashi Negishi University of Tokyo Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 3, July 1967, Pages 315–316, https://doi.org/10.2307/2296679 Published: 01 July 1967

He then interprets Walras' Law as asserting that we drop one of the two excess demand equations, and thus the remaining system contains a liquidity preference equation and a loanable funds equation.We cannot eliminate one of the markets if it is a stock-flow good.But this conclusion is quite wrong.Lloyd misinterprets Walras' Law.Let Xi = excess flow demand for the ith good and xi = the investment demand for the ith good.In this ,.context Walras' Law merely states that L p,(x,+xi) = 0 ([2], p. 29).Accordingly, if , = 1 all markets but one are in market equilibrium, so is the nth market.Similarly, if all markets but one are jn full stock equilibrium, the nth market is in either market or full stock equilibrium.Thus if n -1 markets (including money) are in any kind of equilibrium, the bond market is at least in market equilibrium.We have thus established the static equivalence of liquidity preferences and loanable funds for mixed stock-flow economics.The dynamic equivalence of these two theories has not been establishe<!,;and, indeed, under general dynamic assumptions it is impossible to do so [5,6].,-

Journal Article Uncertainty and the ”Expectations Hypothesis“ Get access H. A. John Green H. A. John Green University of Toronto Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 4, October 1967, Pages 387–398, https://doi.org/10.2307/2296557 Published: 01 October 1967

Journal Article On a Class of Utility and Production Functions Yielding Everywhere Differentiable Demand Functions Get access P. J. Dhrymes P. J. Dhrymes University of Pennsylvania Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 4, October 1967, Pages 399–408, https://doi.org/10.2307/2296558 Published: 01 October 1967

Journal Article The Demand for Money and Monetary Adjustments in Chile Get access Allan Hynes Allan Hynes University of Washington Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 3, July 1967, Pages 285–293, https://doi.org/10.2307/2296676 Published: 01 July 1967