ABSTRACT

Non-Walrasian macroeconomics has provided many significant contributions to macrostatics as reviewed recently in Benassy (1993). There are however fewer contributions of this approach to the theory of business fluctuations and only very few to the theory of economic growth (in real or monetary economies). There is indeed only one footnote in Benassy (1993) with respect to these important areas of macroeconomics, which (though it does not mentioning all important contributions in this area) nevertheless provides the correct impression that there is not much to say about the non-Walrasian modeling of monetary growth.