This paper explores the impact of memory in Cournot oligopolies where firms learn through imitation of success as suggested in Alchian (1950) and modeled in Vega-Redondo (1997). As long as memory includes at least one period, the long-run outcome corresponds to any quantity between the Cournot one and the Walras one. The (evolutionary) stability of the walrasian outcome relies on inter-firm com...

We develop a tractable general equilibrium framework in which firms are large and have market power with respect to both products labor, firm's decisions affected by its ownership structure. characterize the Cournot–Walras of an economy where each firm maximizes share‐weighted average shareholder utilities—rendering independent price normalization. In one‐sector economy, if returns scale non‐in...

Building on the moral economy of Andrew Sayer and Dave Elder-Vass, this article advocates for a functional (not functionalist) approach to morals ethics, consequently economics. By choosing words responsibly it aims be an example conscientious attitude advocates. In first section, I find that Sayer's dovetails with Pierre Macherey´s – notably due Sayer´s linking biological dependency vulnerabil...

Analysing the recent history of macroeconomics, my paper claims that the new classical revolution should be viewed as a substitution of Walrasian macroeconomics to the earlier prevailing Marshallian macroeconomics. The first part of the paper is concerned with two conceptual prerequisites, the relationship between macroeconomics and general equilibrium, the meaning of the “Keynesian” modifier. ...