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Author: Léon Walras
Publisher: Routledge
ISBN: 1134560028
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
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: Routledge
ISBN: 1134560028
Category : Business & Economics
Languages : en
Pages : 320
Get Book Here
Book Description
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:
ISBN:
Category : Economics
Languages : en
Pages : 630
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Book Description
Author: Léon Walras
Publisher: Cambridge University Press
ISBN: 1316061728
Category : Business & Economics
Languages : en
Pages : 591
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Book Description
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.
Author: Leon Walras
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Albert Jolink
Publisher: Routledge
ISBN: 113498913X
Category : Business & Economics
Languages : en
Pages : 229
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Book Description
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
Author: Léon Walras
Publisher:
ISBN:
Category :
Languages : en
Pages : 620
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Book Description
Author: Mark Skousen
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
Author: Léon Walras
Publisher:
ISBN:
Category :
Languages : en
Pages : 620
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Book Description
Author: Paul Ormerod
Publisher: Pantheon
ISBN: 0307819418
Category : Social Science
Languages : en
Pages : 288
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Book Description
Why did VHS, an inferior video recording technology, succeed in the marketplace, driving the superior Betamax out of business? Why do big-budget, acclaimed movies sometimes flop at the box office, while low-budget, idiosyncratic films become huge hits? The answers to these questions, says Paul Omerod, remind us that economics is a science based on the workings of human society, as unpredictable an entity as there is. "Conventional economics is mistaken," claimes Omerod, "when it views the economy as a machine, whose behavior, no matter how complicated, is ultimately predictable and controllable." In this cogently and elegantly argued analysis of why human beings persist in engaging in behavior that defies time-honored economic theory, Omerod also explains why governments and industries throughout the world must completely reconfigure their traditional methods of economic forecasting if they are to succeed and prosper in an increasingly global marketplace.
Author: Léon Walras
Publisher: Routledge
ISBN: 1134280947
Category : Business & Economics
Languages : en
Pages : 272
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Book Description
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.
