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 Kenneth Arrow, Alan Kirman, Richard Posner, Amartya Sen and Robert Solow to share their thoughts and reflections on the theoretical heritage of Léon Walras. Some authors reminisce on the part they played in the development of modern general economics theory; others reflect on the crucial part played by general equilibrium in the development of macroeconomics, microeconomics, growth theory, welfare economics and the theory of justice; others still complain about the wrong path economic theory took under the influence of post 1945 developments in general equilibrium theory.
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.
The paper is concerned with war in the history of economic thought. It looks at disputes about abstraction versus historicism over the long 19th century, in relation to war and the state. It then ...looks at the historical setting in which Léon Walras and others developed their ideas of political economy. It concludes with reflections on the presence or absence of the state in modern economic history.
Neoklasik iktisadin kuruculari arasinda yer alan Walras, iktisat disiplininin klasik ekonomi politikten neoklasik iktisada geçis sürecindeki belki de en önemli isimdir. Pozitivist bilim anlayisini ...benimseyen Walras, çalisma sahasini "iktisadin pür teorisi" olarak adlandirdigi bölümle sinirlandirmistir. Walras, bu çerçevede, iktisadi doga bilimleri ve bilhassa fizik gibi tahayyül etmis ve iktisadi analizde matematigin kullanilmasinin zaruri oldugunu savunmustur. Bu çalismada da, Walras'in neoklasik iktisadin olusumundaki rolünü vurgulamak amaciyla, öncelikle Walras'in "bilim" ve "iktisat" tahayyülleri ele alinacak, daha sonra ise "birey" tahayyülü üzerinde durulacaktir.
Donald Walker and Jan van Daal's recently translated the 3
rd
edition of Léon Walras's Éléments d'économie politique pure under the title Elements of Theoretical Economics, in place of the ...conventional translation Elements of Pure Economics. This critical note points out that this new English title for Walras's Éléments is inappropriate because it ignores Walras's position as founder of the 'Lausanne school', with Vilfredo Pareto, as Walras's successor, embracing Walras's term 'pure' economics and, in his Cours d'économie politique, creating a distinction between pure and applied economics that is inconsistent with the translation of économie politique pure as 'theoretical economics'.
Auguste and Léon Walras and Saint-Simonianism Jacoud, Gilles; Potier, Jean-Pierre
The European journal of the history of economic thought,
05/2020, Volume:
27, Issue:
3
Journal Article
Peer reviewed
The French philosopher and economist Henri Saint-Simon (1760-1825) published numerous writings. Upon his death, his disciples endeavoured to pursue the dissemination of his ideas. A large number of ...great economists took the time to read Saint-Simon and his successors, and to write about them even when they did not share their ideas. It was the case of Auguste Walras (1801-1866) and his son Léon (1834-1910). The paper examines the relationship the two Walras had with the Saint-Simonians, considers their criticism of the Saint-Simonian political economy and economic policy and highlight their adherence to the opposition between idlers and workers.
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