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Leon Walras - Critical Assessments (Hardcover) Loot Price: R20,938
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Leon Walras - Critical Assessments (Hardcover): John Cunningham Wood
Leon Walras - Critical Assessments (Hardcover): John Cunningham Wood

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Leon Walras - Critical Assessments (Hardcover)

John Cunningham Wood

Series: Critical Assessments of Leading Economists

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Loot Price R20,938 Discovery Miles 209 380 | Repayment Terms: R1,945 pm x 12*

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This is the 14th work in the series of critical assessments on leading economists and contemporary economists. Each set presents a comprehensive selection of the critical literature commenting on the life and works of a leading economist. Leon Walras (1834 - 1910), widely regarded as the founder of mathematical economics, was appointed a professor at the University of Lausanne in 1870, a post which he held until his retirement in 1892 (when he was succeeded by Vilfredo Pareto). Walras' principle work, "Elements of Pure Economics", marked a critical step in the development of mathematical economics. He developed the Theory of General Economic Equilibrium through the construction of four sequential and cumulative theories of exchange; production; capitalization and credit; and circulation and money. Through a system of simultaneous equations Walras attempted to demonstrate that all prices and quantities are uniquely determined. He also rediscovered the principle of marginal utility, demonstrating that prices at which commodities exchanged are determined by the relative marginal utilities of the economic agents and institutions participating in the transaction.


Imprint: Routledge
Country of origin: United Kingdom
Series: Critical Assessments of Leading Economists
Release date: 1993
First published: 1993
Editors: John Cunningham Wood
Dimensions: 235 x 159mm (L x W)
Format: Hardcover • Hardcover • Hardcover
Pages: 1040
ISBN-13: 978-0-415-07482-7
Barcode: 9780415074827
Categories: Books > Language & Literature > Biography & autobiography
Books > Biography
Books > Biography > General
Books > Language & Literature > Biography & autobiography > General
Books > Business & Economics > Economics
Books > Business & Economics > Economics > General
LSN: 0-415-07482-7

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