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Leon Walras's Elements of Theoretical Economics

Leon Walras's Elements of Theoretical Economics PDF Author: Lǒn Walras
Publisher: Cambridge University Press
ISBN: 1107064139
Category : Business & Economics
Languages : en
Pages : 591

Book Description
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 Third, William Jaffé's translation (1954) of the last edition is now outdated in the light of recent research on Walras's ideas; furthermore, Jaffé's terminology in the parts shared by the third and subsequent editions is not always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.

Leon Walras's Elements of Theoretical Economics

Leon Walras's Elements of Theoretical Economics PDF Author: Lǒn Walras
Publisher: Cambridge University Press
ISBN: 1107064139
Category : Business & Economics
Languages : en
Pages : 591

Book Description
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 Third, William Jaffé's translation (1954) of the last edition is now outdated in the light of recent research on Walras's ideas; furthermore, Jaffé's terminology in the parts shared by the third and subsequent editions is not always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.

The Equilibrium Economics of Leon Walras

The Equilibrium Economics of Leon Walras PDF Author: Albert Jolink
Publisher: Routledge
ISBN: 113498913X
Category : Business & Economics
Languages : en
Pages : 229

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

Léon Walras’s Economic Thought

Léon Walras’s Economic Thought PDF Author: Kayoko Misaki
Publisher: Taylor & Francis
ISBN: 1003825222
Category : Business & Economics
Languages : en
Pages : 160

Book Description
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.

Studies in Applied Economics

Studies in Applied Economics PDF Author: Léon Walras
Publisher: Routledge
ISBN: 1134280947
Category : Business & Economics
Languages : en
Pages : 272

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.

New Essays on Pareto’s Economic Theory

New Essays on Pareto’s Economic Theory PDF Author: Luigino Bruni
Publisher: Routledge
ISBN: 1134105185
Category : Business & Economics
Languages : en
Pages : 241

Book Description
This collection brings together major Pareto scholars who examined the various aspects of Pareto’s thinking, from the point of view both of the history of economics and economic theory.

Money and General Equilibrium Theory

Money and General Equilibrium Theory PDF Author: Pascal Bridel
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 232

Book Description
Bridel (economics, U. of Lausanne, Switzerland) reconstructs the pioneering attempts of Leon Walras (1834-1910) and Vilfredo Pareto (1848-1923) to coordinate money and general equilibrium theory. He argues that the very logic of the original static general equilibrium model excludes the integration of monetary and value theory, shows how money is prevented from playing its essential role as a social institution in allowing monetary exchanges between individuals, and calls for some radical re- thinking about the theoretical construction on which much modern economic theory is based. Annotation copyrighted by Book News, Inc., Portland, OR

Editing Economists and Economists as Editors

Editing Economists and Economists as Editors PDF Author: Pascal Bridel
Publisher: Librairie Droz
ISBN: 9782600042451
Category : Economics literature
Languages : en
Pages : 412

Book Description


Études D'économie Sociale (théorie de la Répartition de la Richesse Sociale)

Études D'économie Sociale (théorie de la Répartition de la Richesse Sociale) PDF Author: Léon Walras
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 498

Book Description


Subjectivism and Objectivism in the History of Economic Thought

Subjectivism and Objectivism in the History of Economic Thought PDF Author: Kiichiro Yagi
Publisher: Routledge
ISBN: 1136275185
Category : Business & Economics
Languages : en
Pages : 217

Book Description
This book investigates the tensions between subjectivism and objectivism in the history of economics. The book looks at the works of Adam Smith, Carl Menger, Leon Walras, William Stanley Jevons, Oskar Morgenstern, Ludwig Mises, Piero Sraffa, and so on. The book highlights the diverse subjective and objective elements of their economic theories and suggests a reframing of methodology to better address the core problems of the theories. Contributors of the volume are leading members of the Japan Society of History of Economic Thought who have provided a comprehensive overview on the economics methodology and the related problems. Hence, this book will be of an invaluable asset to not only those who are interested in the history of economic thought, but also to scholars who are concerned with the methodological problems of economic science.

From Predators to Icons

From Predators to Icons PDF Author: Michel Villette
Publisher: Cornell University Press
ISBN: 9780801475665
Category : Biography & Autobiography
Languages : en
Pages : 272

Book Description
In the popular imagination, the business media, and the schools of business and management that train new generations of entrepreneurs and executives, achieving extraordinary success in business is attributed to far-sighted individuals who have taken bold risks, provided innovative leadership, and introduced new products, services, or ideas superior to those of the competition. Amid the growing skepticism about the means by which vast amounts of wealth are accumulated and its consequences, however, this belief is long overdue for reevaluation. In From Predators to Icons, Michel Villette, a sociologist, and Catherine Vuillermot, a business historian, examine the careers of thirty-two of today's wealthiest global executives--including Warren Buffett, Ingvar Kamprad, Bernard Arnault, Jim Clark, and Richard Branson--in order to challenge the conventional explanations for their extreme success and come to a better understanding of modern business practices. In contrast to the familiar image of the entrepreneur as a visionary with a plan, Villette and Vuillermot instead discover a far less dramatic process of improvised adaptations gradually assembled into a coherent course of conduct. And rather than being risk-takers, those who are most successful in business are risk-minimizers. Huge gains, these case studies reveal, are most reliably obtained in circumstances where the entrepreneur has established careful provisions for risk reduction. As for the view that innovation makes success possible, the authors find that because innovation is an expensive process that takes a long time to produce profits, innovators first of all require capital; success makes innovation possible. The necessary resources, they show, are most often derived from what they provocatively term "predation" ruthlessly taking advantage of imperfections, weaknesses, and vulnerabilities within the market or among competitors. Finally, From Predator to Icon considers the "practical ethics" implemented during the phase in which capital is most rapidly accumulated, as well as the social consequences of these activities. Drawing on interviews with some of their subjects and, crucially, close readings of the authorized biographies and other hagiographic accounts of these figures, which eliminates the bias of malicious interpretations, Villette and Vuillermot provide revelatory insights about the creation and maintenance of business wealth that will be profitably read by both the captains and the critics of contemporary capitalism.