Leon Walras: Elements of Theoretical Economics: Or, The Theory of Social Wealth

Leon Walras: Elements of Theoretical Economics: Or, The Theory of Social Wealth

by Leon Walras

Hardcover

$168.00
View All Available Formats & Editions
Choose Expedited Shipping at checkout for guaranteed delivery by Wednesday, January 23

Product Details

ISBN-13: 9781107064133
Publisher: Cambridge University Press
Publication date: 10/23/2014
Pages: 588
Product dimensions: 5.98(w) x 8.98(h) x 1.38(d)

About the Author

Donald A. Walker received a Ph.D. in Economics from Harvard University. He specializes in microeconomic theory and the history of neoclassical economic thought. Dr Walker was the president of the History of Economics Society (1987�), named Distinguished Fellow of that Society (2006), editor of the Journal of the History of Economic Thought (1990�), and founder and first president of the International Walras Association (1997�000). Among numerous other publications, he is the author of two books and many articles on the writings of L�on Walras, including Walrasian Economics (Cambridge University Press, 2006).

Jan van Daal received a Ph.D. from Erasmus University in Rotterdam. He has researched and taught in the areas of mathematical economics and published on demand systems, aggregation problems, and the theory and history of general economic equilibrium. Dr van Daal specializes in research on the life and works of L�on Walras and has published, among other writings, The Equilibrium Economics of L�on Walras (with Albert Jolink, 1993), the translation of Walras' �tudes d'�conomie appliqu�e (2005), and the translation of Walras' �tudes d'�conomie sociale (with Donald Walker, 2010).

Table of Contents

Translators' introduction; Part I. Objects and Divisions of Economics: 1. Adam Smith's and J.-B. Say's definitions; 2. Distinction between science, the arts, and ethics; 3. Social wealth; 4. The fact of industry and applied economics; Part II. Theory of Exchange: 5. The market and competition; 6. Curves of effective demand and effective supply; 7. Discussion of the solution of the problem of the exchange of two commodities for each other; 8. Utility or want curves; 9. Discussion of demand curves; 10. Rareté, or the cause of value in exchange; 11. The problem of the exchange of several commodities for one another; 12 General formula of the mathematical solution of the problem of the exchange of several commodities for one another; 13. Law of the variation of the prices of the commodities; 14. Theorem of equivalent redistributions; 15. Purchase curves and sales curves; 16. Exposition and refutation of Adam Smith's and J.-B. Say's doctrines of the origin of value in exchange; Part III. Theory of Production: 17. Capital and income; 18. Elements and mechanism of production; 19. The entrepreneur; 20. Equations of production; 21. Solution of the equations of production; 22. The principle of free competition; Part IV. Theory of Capital Formation and Credit: 23. Gross and net income; 24. Equations of capital formation and credit; 25. Solution of the equations of capital formation and credit; 26. Theorem of the maximum utility of new capital goods; 27. Laws of the determination and variation of the prices of capital goods; 28. Increase of the quantity of products; 29. Critique of the physiocratic doctrine; 30. Exposition and refutation of the English theory of the price of products; 31. Exposition and refutation of the English theory of rent; 32. Exposition and refutation of the English theories of wages and interest; Part V. Theory of Money: 33. The problem of the value of money; 34. Mathematical theory of bimetallism; 35. Relative stability of the value of the bimetallic standard; 36. Fiduciary money and offsetting claims; Part VI. Price Fixing, Monopoly, and Taxation: 37. Price fixing and monopoly; 38. Taxation.

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews