The paper aims to point out that the concepts of interest, profit and saving that we come across in the Arrow-Debreu equilibrium models are significantly different from what is usually indicated by these same terms in economic analysis. In fact, in the Arrow-Debreu models, they are not related to the investment of capital. As we shall try to show, the difficulties that the Arrow-Debreu theory encounters with reference to capital and related concepts derive from the hypothesis of markets open in a single moment that characterizes these models.

Fratini, S.M. (2020). Interest, profit and saving in Arrow-Debreu equilibrium models. BULLETIN OF POLITICAL ECONOMY, 14(1), 39-53.

Interest, profit and saving in Arrow-Debreu equilibrium models

Saverio Maria Fratini
2020

Abstract

The paper aims to point out that the concepts of interest, profit and saving that we come across in the Arrow-Debreu equilibrium models are significantly different from what is usually indicated by these same terms in economic analysis. In fact, in the Arrow-Debreu models, they are not related to the investment of capital. As we shall try to show, the difficulties that the Arrow-Debreu theory encounters with reference to capital and related concepts derive from the hypothesis of markets open in a single moment that characterizes these models.
Fratini, S.M. (2020). Interest, profit and saving in Arrow-Debreu equilibrium models. BULLETIN OF POLITICAL ECONOMY, 14(1), 39-53.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11590/375108
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