The Equilibrium Economics Of Léon Walras

Author : Albert Jolink,Jan Van Daal
Publisher : Routledge
Page : 208 pages
File Size : 50,7 Mb
Release : 2002-09-26
Category : Business & Economics
ISBN : 9781134989133

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The Equilibrium Economics of Leon Walras by Albert Jolink,Jan Van Daal Pdf

The existing literature on Walras has focused on his Elements of Pure Economics to an extent which has unbalanced our view of his work. Jan van Daal and Albert Jolink pay very careful attention to Walras' general equilibrium models, tracing their development through the five editions of his Elements. But they also place his equilibrium exercises in a broader context, arguing that these models should be considered as an instrument in Walras' design for optimal economic order.

Author : Jan van Daal,Albert Jolink
Publisher : Unknown
Page : 193 pages
File Size : 51,8 Mb
Release : 1993
Category : Electronic
ISBN : 0203709705

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The Equilibrium Economics of Léon Walras by Jan van Daal,Albert Jolink Pdf

Author : Léon Walras
Publisher : Routledge
Page : 272 pages
File Size : 47,8 Mb
Release : 2008-01-28
Category : Business & Economics
ISBN : 9781134280940

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Studies in Applied Economics by Léon Walras Pdf

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.

Author : Lǒn Walras
Publisher : Cambridge University Press
Page : 591 pages
File Size : 55,9 Mb
Release : 2014-10-23
Category : Business & Economics
ISBN : 9781107064133

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Leon Walras's Elements of Theoretical Economics by Lǒn Walras Pdf

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.

Author : Donald A. Walker
Publisher : Cambridge University Press
Page : 297 pages
File Size : 52,8 Mb
Release : 2006-01-16
Category : Business & Economics
ISBN : 9781139450911

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Walrasian Economics by Donald A. Walker Pdf

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.

Author : Pascal Bridel
Publisher : Routledge
Page : 200 pages
File Size : 42,6 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9781136719813

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General Equilibrium Analysis by Pascal Bridel Pdf

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.

Author : Kayoko Misaki
Publisher : Taylor & Francis
Page : 160 pages
File Size : 52,5 Mb
Release : 2023-12-05
Category : Business & Economics
ISBN : 9781003825227

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Léon Walras’s Economic Thought by Kayoko Misaki Pdf

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.

Author : Kayoko Misaki
Publisher : Unknown
Page : 0 pages
File Size : 46,7 Mb
Release : 2024
Category : Economics
ISBN : 1032434414

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Léon Walras's Economic Thought by Kayoko Misaki Pdf

"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"--

Author : Albert Jolink
Publisher : Routledge
Page : 181 pages
File Size : 43,6 Mb
Release : 2005-08-18
Category : Business & Economics
ISBN : 9781134961696

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The Evolutionist Economics of Leon Walras by Albert Jolink Pdf

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.

Author : W. D. A. Bryant
Publisher : World Scientific
Page : 492 pages
File Size : 44,6 Mb
Release : 2010
Category : Business & Economics
ISBN : 9789812818355

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General Equilibrium by W. D. A. Bryant Pdf

General Equilibrium Theory studies the properties and operation of free market economies. The field is a response to a series of questions originally outlined by Leon Walras about the operation of markets and posed by Frank Hahn in the following way: OCyDoes the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence OCo and if so, how is that achieved?OCO This is always an apt question, but particularly so given the OCyGlobal Financial CrisisOCO that emerged from the operation of market economies in the Americas and Europe in mid to late 2008. The answer that General Equilibrium Theory provides to the Walras-Hahn question is that, under certain conditions coherence is possible, while under certain other conditions chaos, in various forms, is likely to prevail. The conditionality of either outcome is not always well understood OCo neither by proponents of, or antagonists to, the OCyfree market positionOCO. Consequently, this book attempts to show something of what General Equilibrium Theory has to say about the wisdom or otherwise of always relying on OCymarket forcesOCO to manage complex socio-economic systems. Sample Chapter(s). Chapter 1: General Equilibrium Theory: An Overview (138 KB). Contents: General Equilibrium Theory: An Overview; Existence of Equilibrium: Sufficient Conditions; Existence of Equilibrium: Necessary Conditions; Equilibrium and Irreducibility: Some Empirical Evidence; Existence of Equilibrium Under Alternative Income Conditions; Existence of Walrasian Equilibrium in Some NonOCoArrow-Debreu Environments; Uniqueness of Equilibrium; Stability of Equilibrium; Optimality of Equilibrium; Comparative Statics of Equilibrium States; Empirical Evidence on General Equilibrium; General Equilibrium Theory in Retrospect. Readership: Advanced undergraduates and graduate students in economics; economists interested in economic theory."

Author : William Jaffé
Publisher : Cambridge University Press
Page : 395 pages
File Size : 40,9 Mb
Release : 1983-05-31
Category : Biography & Autobiography
ISBN : 9780521251426

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William Jaffe's Essays on Walras by William Jaffé Pdf

Essays on the life and work of Léon Walras, the founder of general equilibrium analysis.

Author : Léon Walras
Publisher : Routledge
Page : 320 pages
File Size : 47,7 Mb
Release : 2013-10-16
Category : Business & Economics
ISBN : 9781134560028

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Elements of Pure Economics by Léon Walras Pdf

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.

Author : Léon Walras
Publisher : Psychology Press
Page : 417 pages
File Size : 45,5 Mb
Release : 2005
Category : Business & Economics
ISBN : 0415346169

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Studies In Applied Economics by Léon Walras Pdf

Léon Walras (1834-1910) was one of the key thinkers behind the development of marginal utility theory and his introduction of general equilibrium theory is one of the cornerstones of modern economic thought. Now, for the first time, his seminal work Études d'économie politique appliquée, first published in 1898, is available in English. This work sits aside Éléménts d'économie politique pure (1874) and Études d'économie sociale (1896) as one of Walras' crowning achievements. Only the former book, in which Walras advocated regulated free competition, has been translated. In Études d'économie politique appliquée, Walras elaborates on his equilibrium theory and established it as a basis for an optimal economic order. This two-volume translation of a text that still holds vibrant relevance for economists today, stands as a milestone in marginal utility theory, and will be of immense interest to working economists and students of the history of economic thought.

Author : Jürgen Backhaus,J.A. Hans Maks
Publisher : Springer Science & Business Media
Page : 139 pages
File Size : 47,5 Mb
Release : 2006-12-15
Category : Business & Economics
ISBN : 9780387337579

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From Walras to Pareto by Jürgen Backhaus,J.A. Hans Maks Pdf

In this thought-provoking collection, ten international scholars offer reflections and new interpretations of Walras’ and Pareto’s unique contributions to topics including the importance of the social sciences, the development of modern microeconomics and econometrics, political economy and public choice, and political sociology. Their insights will interest researchers and scholars of economic history, political sociology, and the social sciences.

Author : Economica
Publisher : Economica Limited
Page : 3000 pages
File Size : 50,9 Mb
Release : 2006-02-01
Category : Business & Economics
ISBN : 2717850708

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14 V.OEUVRES ECO COMPLETES XXX by Economica Pdf

No economics research library is complete without the works of Leon Walras (1834-1910), hailed as one of the greatest economists and father of general equilibrium theory. This remarkable collection brings together his complete writings, along with those of his father and mentor, noted economist Auguste Walras (1801-66)."Léon Walras is one of the outstanding figures in the history of economic thought and is justifiably known as the father of generalequilibrium analysis.… The publication of [his] complete economic works…is accordingly an event much to be welcomed." —Don Patinkin Author of Money, Interest and Prices"The publication of Auguste Walras's writings is of interest … because he influenced his son Léon in both theoretical and normative respects." —Donald Walker Author of Advances in General Equilibrium Theory"[An] edition of complete works of these founding fathers of modern economic science has long been overdue." —Wassily Leontief Nobel Laureate in Economic Sciences