Questions for Review without Answers
Chapter 6. History of Economic Thought II. Neo-Classical Economics
I. An Outline of Neo-Classical Economics
1) Please summarise the contributions made by the following neo-classical economists:
A. Léon Walras.
B. Alfred Marshall.
C. V.F.D. Pareto
D. Arthur Cecil Pigou
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2) How did Walras prove that general equilibrium is possible?
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II. The Lives and Works of the Two Leading Neo-Classical Economists
3) What is Marshall's famous scissors-statement about?
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4) Why do some prominent economists hold Walras in higher esteem than Marshall?
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