Leon Walras

View Larger
Image

Studies In Applied Economics: Theory of the Production of Social Wealth

Leon Walras

Synopsis:

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 elaborated on his equilibrium theory and established it as a basis for an optimal economic order. A new edition appeared in French in 1992 as volume X of Auguste et Léon Walras: Æuvres Économiques Complétes (Economica 1987-2004). All volumes have been edited andannotated to improve readability; volume X was prepared by Jean-Pierre Potier and this translation was prepared by Jan van Daal of the Centre Auguste et Léon Walras at the University Lyon-2. 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.

More About this Book | View All Listings | View Collectible Listings

Other editions: Hardcover - 2010, 2005, 2005, 2005, 2005, 2005, 2005, 2005, Hardcover - 2004, Hardcover - 2004