MONEY AND THE WALRASIAN UTILITY FUNCTION |
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Authors: | HALL SG |
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Institution: | The author is research officer at the National Instutitue of Economic and Social Research |
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Abstract: | There is a conflict in Walras' Elements of Pure Economicsbetween the literary and mathematical treatment of the utilityof money. This paper outlines this conflict and suggests thatthe clear cut treatment of Walras which may be found in muchof the literature is in fact too simplistic to represent Walras'views. |
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