Leon Walras

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Léon Walras: Elements of Theoretical Economics

Author : Léon Walras
Publisher : Cambridge University Press
ISBN 13 : 1316061728
Total Pages : 591 pages
Book Rating : 4.3/5 (16 download)

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Book Synopsis Léon Walras: Elements of Theoretical Economics by : Léon Walras

Download or read book Léon Walras: Elements of Theoretical Economics written by Léon Walras and published by Cambridge University Press. This book was released on 2014-10-23 with total page 591 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his fourth edition of Éléménts d'économie politique pure (1900), León Walras introduced the device of written pledges to eliminate path dependency: sellers of products and services write out commitments to supply certain quantities at suggested prices with no commodities actually produced and supplied until a set of prices is found at which supply and demand are equal simultaneously in every market. This brought about very serious alterations to the character of the book. Unfortunately, these changes resulted in an incomplete, internally contradictory, and occasionally incoherent text. This translation, therefore, by two leading scholars of León Walras' work, Donald A. Walker and Jan van Daal, revisits the third edition of this seminal work, including Walras' brilliant explanation of his comprehensive model, with all its richness derived from reality. Growing research into Walras' work indicates that it was this third edition that contained his best theoretical research and a translation of this edition of the book is now a necessity.

The Equilibrium Economics of Leon Walras

Author : Albert Jolink
Publisher : Routledge
ISBN 13 : 1134989148
Total Pages : 208 pages
Book Rating : 4.1/5 (349 download)

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Book Synopsis The Equilibrium Economics of Leon Walras by : Albert Jolink

Download or read book The Equilibrium Economics of Leon Walras written by Albert Jolink and published by Routledge. This book was released on 1993-09-02 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors examine Walras' general equilibrium models, tracing their development through his major work Elements of Pure Economics, and also placing them in the broader context of his design for optimal economic order.

Elements of Pure Economics

Author : Léon Walras
Publisher : Routledge
ISBN 13 : 113455995X
Total Pages : 630 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis Elements of Pure Economics by : Léon Walras

Download or read book Elements of Pure Economics written by Léon Walras and published by Routledge. This book was released on 2013-10-16 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: Elements of Pure Economics was one of the most influential works in the history of economics, and the single most important contribution to the marginal revolution. Walras' theory of general equilibrium remains one of the cornerstones of economic theory more than 100 years after it was first published.

Studies in Social Economics

Author : Léon Walras
Publisher : Routledge
ISBN 13 : 1136975551
Total Pages : 623 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis Studies in Social Economics by : Léon Walras

Download or read book Studies in Social Economics written by Léon Walras and published by Routledge. This book was released on 2010-04-25 with total page 623 pages. Available in PDF, EPUB and Kindle. Book excerpt: Léon Walras (1834–1910) is one of the four or five most important economic theorists in the history of the science. The present book is a complete English translation of the second edition (1936) of his Études d’économie sociale (1896), in which he applies economic theory to real problems, presents the essence of his normative economic ideas, and reveals himself to have also been a great thinker on human nature, justice, mores, and the structure of scientific inquiry and knowledge. The book will be of interest to researchers and postgraduate students in the area of the history of economics as well as those interested in Walrasian topics, such as social justice, taxation, intellectual property, and land ownership.

General Equilibrium Analysis

Author : Pascal Bridel
Publisher : Routledge
ISBN 13 : 1136719822
Total Pages : 169 pages
Book Rating : 4.1/5 (367 download)

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Book Synopsis General Equilibrium Analysis by : Pascal Bridel

Download or read book General Equilibrium Analysis written by Pascal Bridel and published by Routledge. This book was released on 2013-03-01 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2010 marks the hundredth anniversary of the death of Léon Walras, the brilliant originator and first formaliser of general equilibrium theory – one of the pillars of modern economic theory. In advancing much derided practical solutions Walras also displayed more concern for the problems of living in a second best world than is common in modern pure theories of the invisible hand, efficient market hypothesis, DSGE macroeconomics or the thinking of some contemporary free market admirers all based on general equilibrium theory. This book brings contributions from the likes of Kenneth Arrow, Alan Kirman, Richard Posner, Amartya Sen and Robert Solow to share their thoughts and reflections on the theoretical heritage of Léon Walras. Some authors reminisce on the part they played in the development of modern general economics theory; others reflect on the crucial part played by general equilibrium in the development of macroeconomics, microeconomics, growth theory, welfare economics and the theory of justice; others still complain about the wrong path economic theory took under the influence of post 1945 developments in general equilibrium theory.

The Evolutionist Economics of Leon Walras

Author : Albert Jolink
Publisher : Routledge
ISBN 13 : 1134961693
Total Pages : 181 pages
Book Rating : 4.1/5 (349 download)

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Book Synopsis The Evolutionist Economics of Leon Walras by : Albert Jolink

Download or read book The Evolutionist Economics of Leon Walras written by Albert Jolink and published by Routledge. This book was released on 2005-08-18 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study offers a new perspective of Walras' pure, applied and social economics. Through archival research at the University of Lausanne, Jolink considers Walras' ideas on philosophy and philosophy of science based on a newly constructed taxonomy. Walras' work is placed in a broader context by stressing the nineteenth century cultural and historical background in which he lived. This further gives an insight into the relationship between the romanticism of the early nineteenth century and logical positivism of the twentieth century.

Leon Walras's Elements of Theoretical Economics

Author : Lǒn Walras
Publisher : Cambridge University Press
ISBN 13 : 1107064139
Total Pages : 591 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Leon Walras's Elements of Theoretical Economics by : Lǒn Walras

Download or read book Leon Walras's Elements of Theoretical Economics written by Lǒn Walras and published by Cambridge University Press. This book was released on 2014-10-23 with total page 591 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an English translation of the third edition (1896) of León Walras' Elements of Theoretical Economics. The translators of the work undertook this project for three reasons. First, this edition is Walras's best theoretical work. Second, the two subsequent editions contain new elements that spoil his previous work; furthermore, important parts of the third edition do not appear in the subsequent editions. Third, William Jaffé's translation (1954) of the last edition is now outdated in the light of recent research on Walras's ideas; furthermore, Jaffé's terminology in the parts shared by the third and subsequent editions is not always accurate.

Studies in Applied Economics, Volume II

Author : Léon Walras
Publisher : Routledge
ISBN 13 : 1134280874
Total Pages : 248 pages
Book Rating : 4.1/5 (342 download)

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Book Synopsis Studies in Applied Economics, Volume II by : Léon Walras

Download or read book Studies in Applied Economics, Volume II written by Léon Walras and published by Routledge. This book was released on 2007-11-21 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is Volume II in a series on Studies in Applied Economics and looks at the theory of the production of social wealth in the areas of agriculture, industry, commerce banking and stock markets. The two volumes form a translation from French of Walras’s two main books, Études d’économie politique appliquée (Théorie de la production de la richesse sociale) (1898) and Études d’économie sociale (Théorie de la répar[1]tition de la richesse sociale) (1896).

A Genealogy of Self-Interest in Economics

Author : Susumu Egashira
Publisher : Springer Nature
ISBN 13 : 9811593957
Total Pages : 321 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis A Genealogy of Self-Interest in Economics by : Susumu Egashira

Download or read book A Genealogy of Self-Interest in Economics written by Susumu Egashira and published by Springer Nature. This book was released on 2021-01-29 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to describe the entire developmental history of the human aspects of economics. The issue of “self-interest” is discussed throughout, from pre-Adam Smith to contemporary neuroeconomics, representing a unique contribution to economics. Though the notion of self-interest has been interpreted in several ways by various schools of economics and economists since Smith first placed it at the heart of the field, this is the first book to focus on this important but overlooked topic. Traditionally, economic theory has presupposed that the core of human behavior is self-interest. Nevertheless, some economists, e.g. recent behavioral economists, have cast doubt on this “self-interested” explanation. Further, though many economists have agreed on the central role of self-interest in economic behavior, each economist’s positioning of self-interest in economic theory differs to some degree. This book helps to elucidate the position of self-interest in economic theory. Given its focus, it is a must-read companion, not only on the history of economic thought but also on economic theory. Furthermore, as today’s capitalism is increasingly causing people to wonder just where self-interest lies, it also appeals to general readers.

Studies in Applied Economics

Author : Léon Walras
Publisher : Routledge
ISBN 13 : 1134280947
Total Pages : 272 pages
Book Rating : 4.1/5 (342 download)

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Book Synopsis Studies in Applied Economics by : Léon Walras

Download or read book Studies in Applied Economics written by Léon Walras and published by Routledge. This book was released on 2008-01-28 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2004. Studies in Applied Economics is an English translation of Études d’économie politique appliquée (1898) by Léon Walras (1834–1910). Until now, Éléments d’économie politique pure (1874) was the only book by Walras available in English (Elements of Pure Economics, 1954). It contains the theory of general economic equilibrium under free competition, with the concept of utility maximization as its core. Walras’s conclusion was that where free competition is possible, it should be the rule. So, in the present book, he advocates protective regulation, within which economic agents may compete freely. For water, gas or railway transport, for instance, where free competition is impossible, rules are formulated to maintain its advantages. Issues such as money, capital, credit, banking and the stock markets are also dealt with. The book’s final chapter recapitulates the themes of Walras’s three main works: Éléments, Études d’économie sociale and this volume, Études d’économie politique appliquée. Walras’s aim was to provide an economic blueprint for a social ideal where poverty and similar evils could be banished.

The Value of Money

Author : Prabhat Patnaik
Publisher : Columbia University Press
ISBN 13 : 0231519214
Total Pages : 279 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis The Value of Money by : Prabhat Patnaik

Download or read book The Value of Money written by Prabhat Patnaik and published by Columbia University Press. This book was released on 2009-04-02 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why is money more valuable than the paper on which it is printed? Monetarists link the value of money to its supply and demand, believing the latter depends on the total value of the commodities it circulates. According to Prabhat Patnaik, this logic is flawed. In his view, in any nonbarter economy, the value we assign to money is determined independently of its supply and demand. Through an original and provocative critique of monetarism, Patnaik advances a revolutionary understanding of macroeconomics that highlights the "propertyist" position of Karl Marx and John Maynard Keynes. Unlike the usual division between "classical" economists (e.g., David Ricardo and Marx) and the "marginalists" (e.g., Carl Menger, William Stanley Jevons, and Léon Walras), Patnaik places "monetarists," including Ricardo, on one side, while grouping propertyist writers like Marx, Keynes, and Rosa Luxemburg on the other. This second group subscribes to the idea that the value of money is given from outside the realm of supply and demand, therefore making money a form in which wealth is held. The fact that money is held as wealth in turn gives rise to the possibility of deficiency of aggregate demand under capitalism. It is no accident that this possibility was highlighted by Marx and Keynes while going largely unrecognized by Ricardo and contemporary monetarists. At the same time, Patnaik points to a weakness in the Marx-Keynes tradition namely, its lack of any satisfactory explanation of why the value of money, determined from outside the realm of supply and demand, remains relatively stable over long stretches of time. The answer to this question lies in the fact that capitalism is not a self-contained system but is born from a precapitalist setting with which it interacts and where it creates massive labor reserves that, in turn, impart stability to the value of money. Patnaik's theory of money, then, is also a theory of imperialism, and he concludes with a discussion of the contemporary international monetary system, which he terms the "oil-dollar" standard.

Léon Walras’s Economic Thought

Author : Kayoko Misaki
Publisher : Taylor & Francis
ISBN 13 : 1003825214
Total Pages : 142 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Léon Walras’s Economic Thought by : Kayoko Misaki

Download or read book Léon Walras’s Economic Thought written by Kayoko Misaki and published by Taylor & Francis. This book was released on 2023-12-05 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds new light on the general equilibrium theory of Léon Walras (1834–1910) from a historical perspective. Walras's construction of general equilibrium theory marked the dawn of modern economics, and the theory was greatly developed in the 20th century. However, Walras's own intentions and ideas behind the theory are still not fully understood. This book aims to clarify the intellectual background of Walras’s economics by delving into his original writings, which have not received much attention until now. Part 1 of the book reconsiders the relationship between Walras and his predecessors, Adam Smith (1723–1790), Jean-Baptiste Say (1767–1832), and Achylle Nicolas Isnard (1749–1803), who are believed to have had a decisive influence on Walras's general equilibrium theory. In Part 2, the book explores Walras's views on the labor market, entrepreneurship, and non-selfish human nature, including concepts like sympathy, which have been overlooked in his general equilibrium theory and subsequently misunderstood to this day. Walras’s economic thought is one of the foundational sources of modern economics. An accurate and in-depth understanding of it will provide a new perspective on the problems faced by modern economics and open future possibilities for economics as a social science. This book offers new insights not only to researchers and students of the history of economics but also to all those interested in the origins of modern economics.

Walrasian Economics

Author : Donald A. Walker
Publisher : Cambridge University Press
ISBN 13 : 1139450913
Total Pages : 297 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Walrasian Economics by : Donald A. Walker

Download or read book Walrasian Economics written by Donald A. Walker and published by Cambridge University Press. This book was released on 2006-01-16 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to understand the various strands of general equilibrium theory, why it has taken the forms that it has since the time of Léon Walras, and to appreciate fully a view of the state of general equilibrium theorising, it is essential to understand Walras's work and examine its influence. The first section of this book accordingly examines the foundations of Walras's work. These include his philosophical and methodological approach to economic modelling, his views on human nature, and the basic components of his general equilibrium models. The second section examines how the influence of his ideas has been manifested in the theorising of his successors, surveying the models of theorists such as H. L. Moore, Vilfredo Pareto, Knut Wicksell, Gustav Cassel, Abraham Wald, John von Neumann, J. R. Hicks, Kenneth Arrow, and Gerard Debreu. The treatment also examines models of many types in which Walras's influence is explicitly acknowledged.

The Economy of the Word

Author : Keith Tribe
Publisher : Oxford University Press
ISBN 13 : 0190211628
Total Pages : 349 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis The Economy of the Word by : Keith Tribe

Download or read book The Economy of the Word written by Keith Tribe and published by Oxford University Press. This book was released on 2015-02-03 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: It was only in the sixteenth century that texts began to refer to the significance of "economic activity" -- of sustaining life. This was not because the ordinary business of life was thought unimportant, but because the principles governing economic conduct were thought to be obvious or uncontroversial. The subsequent development of economic writing thus parallels the development of capitalism in Western Europe. From the seventeenth to the twenty-first century there has been a constant shift in content, audience, and form of argument as the literature of economic argument developed. The Economy of the Word proposes that to understand the various forms that economic literature has taken, we need to adopt a more literary approach in economics specifically, to adopt the instruments and techniques of philology. This way we can conceive the history of economic thought to be an on-going work in progress, rather than the story of the emergence of modern economic thinking. This approach demands that we pay attention to the construction of particular texts, showing the work of economic argument in different contexts. In sum, we need to pay attention to the "economy of the word". The Economy of the Word is divided into three parts. The first explains what the term "economy" has meant from Antiquity to Modernity, coupling this conceptual history with an examination of how the idea of national income was turned into a number during the first half of the twentieth century. The second part is devoted to Adam Smith's Wealth of Nations, considering first the manner in which Smith deals with international trade, and then the way in which the book was read in the course of the nineteenth century. Part III examines the sources used by Karl Marx and Léon Walras in developing their economic analysis, drawing attention to their shared intellectual context in French political economy.

The Wealth of Ideas

Author : Alessandro Roncaglia
Publisher : Cambridge University Press
ISBN 13 : 9780521843379
Total Pages : 620 pages
Book Rating : 4.8/5 (433 download)

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Book Synopsis The Wealth of Ideas by : Alessandro Roncaglia

Download or read book The Wealth of Ideas written by Alessandro Roncaglia and published by Cambridge University Press. This book was released on 2005-04-28 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2005 book traces the history of economic thought from its prehistory to the present day.

Researches Into the Mathematical Principles of the Theory of Wealth

Author : Antoine Augustin Cournot
Publisher :
ISBN 13 :
Total Pages : 242 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Researches Into the Mathematical Principles of the Theory of Wealth by : Antoine Augustin Cournot

Download or read book Researches Into the Mathematical Principles of the Theory of Wealth written by Antoine Augustin Cournot and published by . This book was released on 1897 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Studies in the History of French Political Economy

Author : Gilbert Faccarello
Publisher : Psychology Press
ISBN 13 : 9780415099394
Total Pages : 476 pages
Book Rating : 4.0/5 (993 download)

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Book Synopsis Studies in the History of French Political Economy by : Gilbert Faccarello

Download or read book Studies in the History of French Political Economy written by Gilbert Faccarello and published by Psychology Press. This book was released on 1998 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers the evolution of economic thought in France from the sixteenth to twentieth century and explores the key economists, themes and controversies which are important in the context of recent research.