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OverviewDoes Walras' theory extend beyond Free Competition? Precious literature on Walras has focused on his Elements of pure economics . While this abundance of attention is partly due to the value the economist himself attached to his study, it has tended to present a rather unbalanced view of his life's work. In The Equilibrium Economics of Leon Walras, Drs van Daal and Jolink trace the development of Walras' consective models of general equilibrium through the five editions of his Elements . However, the authors also even-up the overall impression of Walras' work by placing his equilibrium exercises in a much broader prespective and arguing that these models should be considered as an instrument in Walras' design for optimal economic order. The book falls into three distinct sections.Part I deals with some aspects of Walras' theory - the use of mathematics in economics, the notion of free competition, the notion of utility, and price formation in competitive markets. in Part II these aspects are synthesized in the equilibrium models. Part III outlines Walras' views on what he called the Social Question' and how it led him to formulate regulations with respect to monopoly and the production of public goods, and his ideas on State ownership of the land. The authors argue that all the elements can be brought together in a general general equilibrium model' that dislays all the features of the models of Part II. Additional material on the personality of Leon Walras, technical aspects of his theories and solutions to his equilibrium models and tatonnement can be found in the five appendices. The Equilibrium Economics of Leon Walras thus provides an invaluable short introduction to the work of the great French economist. Full Product DetailsAuthor: Albert Jolink (Erasmus Universiteit Rotterdam, the Netherlands) , Jan Van DaalPublisher: Taylor & Francis Ltd Imprint: Routledge Dimensions: Width: 15.60cm , Height: 2.50cm , Length: 23.40cm Weight: 0.521kg ISBN: 9780415001571ISBN 10: 0415001579 Pages: 208 Publication Date: 02 September 1993 Audience: College/higher education , General/trade , Tertiary & Higher Education , General Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationAlbert Jolink, Jan Van Daal Tab Content 6Author Website:Countries AvailableAll regions |
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