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Walrasian Economics (Hardcover)
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Walrasian Economics (Hardcover)
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In order to understand the various strands of general equilibrium
theory, why it has taken the forms that it has since the time of
Leon Walras, and to appreciate fully a view of the present state of
general equilibrium theorizing, it is essential to understand
Walras's work and examine its influence. The first section of the
book accordingly examines the foundations of Walras's work. These
include his philosophical and methodological approach to economic
modeling, his views on human nature, and the basic components of
his general equilibrium models. The second section examines how the
influence of his ideas has been manifested in the theorizing of his
successors, surveying the models of theorists such as H. L. Moore,
Vilfredo Pareto, Knut Wicksell, Gustav Cassel, Abraham Wald, John
von Neumann, J. R. Hicks, Kenneth Arrow, and Gerard Debreu. The
treatment also examines recent models of many types in which
Walras's influence is explicitly acknowledged.
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