Tytuł pozycji:
On Stable Growth and Equilibrium
The contemporary criticism of general equilibrium theory is usually focused on commonly taken assumption of stationarity of the Walrasian economic system. Despite the efforts to get out of the static Walrasian equilibrium the studies predominantly ended up with stability playing the secondary role in confrontation with the notion of equilibrium. The article demonstrates, on the basis of a generalized Walrasian system, that stationarity does not constitute the necessary condition for a stable economic growth.
