Record Detail Back
THE EQUILIBRIUM ECONOMICS OF LÉON WALRAS
- Share to:
Léon Walras may rightfully be considered as one of the founding fathers of mathematical economics. Much of mathematical economics developed since Walras’s time has gradually become common knowledge in economics. This means that Walras directly and indirectly has had a marked influence upon our science as it stands now. It is therefore important to know how Walras came to his results, what these results are, and to what end the results were used or were intended to be used.
As far as pure mathematical economics is concerned, Walras’s aim was to provide, by means of a mathematical solution of the problem of the determination of current prices, a proof of optimality of free competition in terms of utility (see Eléments, preface to the first edition, and EPA, p. 466). In this part of the present book we shall deal with mathematics in economics, free competition, and price determination under a regime of free competition and utility, elements which are basic in Walras’s theory of pure economics. The synthesis of these elements is dealt with in Part II.
Jan van Daal and Albert Jolink - Personal Name
1st Edtion
0-415-00157-9
NONE
THE EQUILIBRIUM ECONOMICS OF LÉON WALRAS
Management
English
Routledge
1993
USA
1-208
LOADING LIST...
LOADING LIST...