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THE EQUILIBRIUM ECONOMICS OF LÉON WALRAS

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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.

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Series Title

THE EQUILIBRIUM ECONOMICS OF LÉON WALRAS

Call Number

-

Publisher

USA : Routledge., 1993

Collation

1-208

Language

English

ISBN/ISSN

0-415-00157-9

Classification

NONE

Content Type

-

Media Type

-

Carrier Type

-

Edition

1st Edtion

Subject(s)

Economics

Specific Detail Info

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