Search results
Marie-Esprit-Léon Walras (French:; 16 December 1834 – 5 January 1910) was a French mathematical economist and Georgist. He formulated the marginal theory of value (independently of William Stanley Jevons and Carl Menger) and pioneered the development of general equilibrium theory.
- 5 January 1910 (aged 75), Clarens, now part of Montreux, Switzerland
Apr 14, 2024 · Léon Walras (born December 16, 1834, Évreux, France—died January 5, 1910, Clarens, near Montreux, Switzerland) was a French-born economist whose work Éléments d’économie politique pure (1874–77; Elements of Pure Economics) was one of the first comprehensive mathematical analyses of general economic equilibrium.
Jun 8, 2018 · Theory of general equilibrium. Later life and work. WORKS BY WALRAS. SUPPLEMENTARY BIBLIOGRAPHY. Léon Walras (1834-1910), whose full name was Marie Esprit Léon Walras (the final “s” is sounded), is celebrated among economists and econometricians as the first to have formulated a multiequational general equilibrium model of economic ...
S eparately but almost simultaneously with William Stanley Jevons and Carl Menger, French economist Leon Walras developed the idea of marginal utility and is thus considered one of the founders of the “marginal revolution.” But Walras’s biggest contribution was in what is now called general equilibrium theory.
People also ask
Who was Léon Walras?
How did Léon Walras propose the general equilibrium theory?
How did Léon Walras transform economics?
What was Walras contribution to economics?
Marie-Esprit-Léon Walras (December 16, 1834 – January 5, 1910) was a French economist. Although not influential in his lifetime, his contributions to economic theory later came to be studied and respected worldwide.
Oct 27, 2020 · This study shows Léon Walras (1834–1910)’s understanding of Adam Smith’s Wealth of Nations (1776) by considering Walras’s references to Smith not only in his main work, Elements of Pure Economics (first edition, Citation 1874–1877) but also in his writings on other topics.
Nov 16, 2023 · Best known as the founder of neoclassical microeconomics, Léon Walras was a promoter of the cooperative movement, which was a key element in his theory of general equilibrium. According to him, developing cooperatives is not a matter of social justice, which depends on the action of the government, but a question of efficiency.
Related searches
