Email this article Holistic Theory of Economic Equilibrium: Modified Cassel–Wald Model
- Authors: Gorbunov V.K.1
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Affiliations:
- Ulyanovsk State University
- Issue: Vol 98, No 2 (2018)
- Pages: 537-539
- Section: Control Theory
- URL: https://journals.rcsi.science/1064-5624/article/view/225575
- DOI: https://doi.org/10.1134/S1064562418060121
- ID: 225575
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Abstract
A modified Cassel–Wald model is used as an example of the holistic approach to creating a mathematical theory of market demand and economic equilibrium that is an alternative to methodological individualism (sociological reductionism). A theorem on the existence and uniqueness of equilibrium is proved.
About the authors
V. K. Gorbunov
Ulyanovsk State University
Author for correspondence.
Email: vkgorbunov@mail.ru
Russian Federation, Ulyanovsk
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