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This study offers a new perspective of Walras' pure, applied and social economics. Through archival research at the University of Lausanne, Jolink considers Walras' ideas on philosophy and philosophy of science based on a newly constructed taxonomy. Walras' work is placed in a broader context by stressing the nineteenth century cultural and historical background in which he lived. This further gives an insight into the relationship between the romanticism of the early nineteenth century and logical positivism of the twentieth century.

Walras, Léon --- Evolutionary economics. --- Walras, Léon, --- Walras, Marie Esprit Léon, --- Economics

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In this book Dr Walker brings together Dr William Jaffé's essays on the important and interesting work of Léon Walras, the founder of general equilibrium analysis. The essays were selected on the basis of their importance to the Walrasian literature, in that they provide information on Walras's intellectual biography with which we would otherwise be unfamiliar or they make a contribution to the interpretation and analysis of his ideas. One of Jaffé's main interests was to explain the genesis of Walras's work, which he did by examining Walras's biography. Using a wide variety of sources, Jaffé pieced together an account of these matters in the belief that biography is essential for understanding the origins and development of a scientist's work. Jaffé corrected what he regarded as errors of interpretation of Walras by other writers, evaluated Walras's contributions, and indicated his significance for modern economics. The essays are informative, illuminating, and - as a result of Jaffé's scholarly and literary craftsmanship - aesthetically satisfying.

Walras, Léon --- Economists --- Biography --- Walras, Leon, --- Walras, Léon, --- Business, Economy and Management --- Economics --- Economists - Switzerland - Biography --- Walras, Léon, - 1834-1910 --- Walras, Léon, --- Social scientists --- Walras, Marie Esprit Léon,

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Sociology of knowledge --- Economic schools --- Political sociology --- Walras, Léon --- Economists --- Economistes --- Biography --- Biographie --- Walras, Léon, --- AA / International- internationaal --- 08 --- 330.00 --- 330.08 --- Biografieën en memoires. --- Economische en sociale theorieën: algemeenheden. --- Economisten. --- Walras, Marie Esprit Léon, --- Walras, Léon, --- Biografieën en memoires --- Economische en sociale theorieën: algemeenheden --- Economisten --- Economists - France - Biography --- Walras, Léon, - 1834-1910

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2010 marks the hundredth anniversary of the death of Léon Walras, the brilliant originator and first formaliser of general equilibrium theory - one of the pillars of modern economic theory. In advancing much derided practical solutions Walras also displayed more concern for the problems of living in a second best world than is common in modern pure theories of the invisible hand, efficient market hypothesis, DSGE macroeconomics or the thinking of some contemporary free market admirers all based on general equilibrium theory.This book brings contributions from the likes of Kenn

Economic schools --- Walras, Léon --- Equilibrium (Economics) --- Walras, Léon, --- AA / International- internationaal --- 330.01 --- 339.5 --- Disequilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- Economics --- Stagnation (Economics) --- Statics and dynamics (Social sciences) --- Theorie van het economisch evenwicht. --- Walras, Marie Esprit Léon, --- DGE (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- SDGE (Economic theory) --- Theorie van het economisch evenwicht --- Walras, Léon, --- Walras, Léon, - 1834-1910

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One may have various reasons for compiling a volume of papers devoted to and inspired by Walras and Pareto. Pareto succeeded Walras in 1893 on the chair of Political Economy at the University of Lausanne. The relation between the two was not always without tensions, although Pareto, on the occasion of his 25 years jubilee celebration, at least in part, transferred the honours offered to him to Walras. Indeed, one may say that to a substantial extent important parts of the works of Pareto would not have been possible without the insights of Walras. Both eminent scientists also have in common that the image of their inheritance professed to the common university trained economic scholars ('cutes') is a highly restricted caricature of the fullnes of their essential insights and contributions, and students of sociology or politicology may even finish their academic studies without ever having heard the name of Pareto. What cutes "know" about Walras amounts to the following caricature. Walras developed the general economic equilibrium model, but did not care about uniqueness and stability of an equilibrium. It is a model with exchange and production only and it assumes an auctioneer who announces price vectors to establish the equilibrium. The model presupposes perfect information and is static and certainly not dynamic. Walras had a bias towards free competition and laisser faire and neglected monopoly and taxation. Pareto is known by the cutes as the founding father of welfare economics. At best one is informed the notions of Pareto-optimality conditions and the first and second welfare theorems. But welfare economics is in general disappearing from the university research and teaching programs, replaced as it is by consumer and producer surpluses in the nowadays flourishing partial industrial economics programs. In this thought-provoking collection, ten international scholars offer reflections and new interpretations of Walras’and Pareto’s unique contributions to topics as broad as the over-arching important of the social sciences, the development of modern microeconomics and (in particular) econometrics, political economy and public choice, and political sociology. Their insights will be of particular interest to researchers and scholars of economic history, political sociology, and the social sciences.

Equilibrium (Economics) --- Welfare economics. --- Walras, Léon, --- Pareto, Vilfredo, --- Economic policy --- Economics --- Social policy --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Statics and dynamics (Social sciences) --- Walras, Marie Esprit Léon, --- Economics. --- Macroeconomics. --- Economic history. --- Economics, general. --- Macroeconomics/Monetary Economics//Financial Economics. --- History of Economic Thought/Methodology. --- Economic conditions --- History, Economic --- Economic theory --- Political economy --- Social sciences --- Economic man --- Management science. --- Quantitative business analysis --- Management --- Problem solving --- Operations research --- Statistical decision