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Marie-Esprit-Léon Walras (French:; 16 December 1834 – 5 January 1910) was a French mathematical economist and Georgist. He formulated the marginal theory of value (independently of William Stanley Jevons and Carl Menger) and pioneered the development of general equilibrium theory.
Léon Walras, (born December 16, 1834, Évreux, France—died January 5, 1910, Clarens, near Montreux, Switzerland), French-born economist whose work Éléments d’économie politique pure (1874–77; Elements of Pure Economics) was one of the first comprehensive mathematical analyses of general economic equilibrium.
Some secondary literature on Walras will pass the review in § 12. We end with a few concluding remarks (§ 13). Some Biographic and Bibliographic Facts Léon Walras was born in 1834 in Évreux (Normandy). 1 In about 1854, he went to Paris where he became a student at the École des Mines. Largely due to his father s
Léon Walras (1834-1910), whose full name was Marie Esprit Léon Walras (the final “s” is sounded), is celebrated among economists and econometricians as the first to have formulated a multiequational general equilibrium model of economic relationships. He was born on December 16, 1834, in Évreux, a provincial town of Normandy, France.
Leon Walras. 1834-1910. S eparately but almost simultaneously with William Stanley Jevons and Carl Menger, French economist Leon Walras developed the idea of marginal utility and is thus considered one of the founders of the “marginal revolution.”.
Marie-Esprit-Léon Walras (December 16, 1834 – January 5, 1910) was a French economist. Although not influential in his lifetime, his contributions to economic theory later came to be studied and respected worldwide. Separately, but almost simultaneously with William Stanley Jevons and Carl Menger, Walras developed the idea of marginal ...
Best known as the founder of neoclassical microeconomics, Léon Walras was a promoter of the cooperative movement, which was a key element in his theory of general equilibrium. According to him, developing cooperatives is not a matter of social justice, which depends on the action of the government, but a question of efficiency.
Marie-Esprit-Léon Walras was a French mathematical economist and Georgist. He formulated the marginal theory of value and pioneered the development of general equilibrium theory. Walras is best known for his book Éléments d'économie politique pure, a work that has contributed greatly to the mathematization of economics through the concept ...
Léon Walras. 1834-1910. Dutch mathematician who was instrumental in laying the foundation for the mathematical study of economics. His Elements of Pure Economics and other works attempted to establish economics as a branch of mathematics, while also advocating state nationalization of land and the abolition of taxes.
After sampling several careers—he was for a while a student at the School of Mines, a journalist, a lecturer, a railway clerk, a bank director, and a published romance novelist—Walras eventually returned to the study and teaching of economics.