期刊名称：COWLES Foundation Discussion Paper / Cowles Foundation for Research in Economics
出版年度：2000
卷号：2000
期号：1
出版社：Yale University
摘要：Irving Fisher’s Ph.D. thesis, submitted to Yale University in 1891, contains a fully articulated general equilibrium model presented with the broad scope and formal mathematical clarity associated with Walras and his successors. In addition, Fisher presents a remarkable hydraulic apparatus for calculating equilibrium prices and the resulting distribution of society's endowments among the agents in the economy. In this paper we provide an analytical description of Fisher’s apparatus, and report the results of simulating the mechanical/hydraulic "machine," illustrating the ability of the apparatus to "compute" equilibrium prices and also to find multiple equilibria.
关键词：Keywords: Fisher, general equilibrium, hydraulic apparatus, equilibrium prices, computable general equilibrium, algorithms
