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Studies in Applied Economics
Contributor(s): Walras, Léon (Author), Van Daal, Jan (Translator), Van Daal, Jan (Editor)
ISBN: 0415346169     ISBN-13: 9780415346160
Publisher: Routledge
OUR PRICE:   $495.00  
Product Type: Hardcover - Other Formats
Published: December 2004
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Leon 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 "Etudes" "d'economie politique appliquee", first published in 1898, is available in English.
This work sits aside "Elements d'economie politique" pure (1874) and "Etudes d'economie sociale" (1896) as one of Walras' crowning achievements. Only the former book, in which Walras advocated regulated free competition, has been translated.
In "Etudes d'economie politique appliquee", 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 Leon Walras: AEuvres Economiques Completes (Economica 1987-2004). All volumes have been edited and annotated 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 Leon 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.
Additional Information
BISAC Categories:
- Business & Economics | Economic History
- Business & Economics | Economics - Theory
Dewey: 330.1
LCCN: 2004050934
Physical Information: 496 pages
 
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Publisher Description:

L on 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, his seminal work tudes d' conomie politique appliqu e, first published in 1898, is available in English, in both hardback and paperback.

This work sits aside l m nts d' conomie politique pure (1874) and tudes d' conomie sociale (1896, English translation, Routledge 2010) as one of Walras' crowning achievements.

Walras's tudes d' conomie politique appliqu e contains his best work on applied economics. In this book, he investigates where free competition is and is not possible, and how to organize and regulate economic life in these differing situations. Furthermore, he deals with other features that are important for the functioning of the economic system such as money, capital, credit, banking, securities markets and speculation.

This two-volume translation of a text that still holds vibrant relevance for economists today will be of immense interest to working economists and students of the history of economic thought.