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Leon Walras: Elements of Theoretical Economics - Or, The Theory of Social Wealth (Paperback) Loot Price: R1,621
Discovery Miles 16 210
Leon Walras: Elements of Theoretical Economics - Or, The Theory of Social Wealth (Paperback): L eon Walras

Leon Walras: Elements of Theoretical Economics - Or, The Theory of Social Wealth (Paperback)

L eon Walras; Edited by Donald A. Walker, Jan van Daal

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Loot Price R1,621 Discovery Miles 16 210 | Repayment Terms: R152 pm x 12*

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In his fourth edition of Elements of Theoretical Economics (1900), Leon Walras introduced the device of written pledges to eliminate path dependency: sellers of products and services write out commitments to supply certain quantities at suggested prices with no commodities actually produced and supplied until a set of prices is found at which supply and demand are equal simultaneously in every market. This brought about very serious alterations to the character of the book. Unfortunately, these changes resulted in an incomplete, internally contradictory, and occasionally incoherent text. This translation, therefore, by the two leading scholars of Leon Walras's work, Donald Walker and Jan van Daal, revisits the third edition of this seminal work, including Walras's brilliant explanation of his comprehensive model, with all its richness derived from reality. Growing research into Walras's research indicates that it was this third edition that contained his best theoretical research and a translation of this edition of the book is now a necessity."

General

Imprint: Cambridge UniversityPress
Country of origin: United Kingdom
Release date: May 2019
Authors: L eon Walras
Editors: Donald A. Walker • Jan van Daal
Dimensions: 230 x 152 x 30mm (L x W x T)
Format: Paperback - Trade
Pages: 589
ISBN-13: 978-1-107-65145-6
Categories: Books > Business & Economics > Economics > General
Books > Humanities > History > History of specific subjects > Economic history
Books > History > History of specific subjects > Economic history
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LSN: 1-107-65145-X
Barcode: 9781107651456

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