Studies in Applied Economics

By Léon Walras Edited by Jan Van Daal

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About the Book

Léon Walras (1834-1910) was one of the key thinkers behind the development of marginal utility theory and his introduction of general equilibrium theory is one of the cornerstones of modern economic thought. Now, for the first time, his seminal work Études d'économie politique appliquée, first published in 1898, is available in English.

This work sits aside Éléménts d'économie politique pure (1874) and Études d'économie sociale (1896) as one of Walras' crowning achievements. Only the former book, in which Walras advocated regulated free competition, has been translated.

In Études d'économie politique appliquée, Walras elaborates on his equilibrium theory and established it as a basis for an optimal economic order. This two-volume translation of a text that still holds vibrant relevance for economists today, stands as a milestone in marginal utility theory, and will be of immense interest to working economists and students of the history of economic thought.

Table of Contents

Introduction to Studies of Applied Economics. Part 1: Money Part 2: Monopolies
Part 3: Agriculture, Industry, Commerce Part 4: Credit Part 5: Banks Part 6: Stock Exchange Part 7: [Reflection]

About the Author(s)

Jan van Daal is Professeur émérité at the Centre Auguste et Léon Walras in Lyon. A former member of the Econometric Institute of the Erasmus University Rotterdam, he is an expert on the life and works of Léon Walras. He has also written on such diverse subjects as traffic models in inland navigation, aggregation problems and Dutch economic thought.