Contents:
1. Introduction 2. Evolution and Progress 3. The World According to Walrus 4. Indications of Philosophy 5. Indications of History 6. Indications of Science 7. The Elements 8. The Applied 9. Economics of Transition 10. From Romanticism to Logical Positivism Notes. Bibliography.

Since the publication of Keynes's General Theory of Employment, Interest and Money in 1936, macroeconomic theory has altered considerably. Each author in this volume focuses on an issue which either preceded, accompanied or followed the 'Keynesian Revolution' and helped to shape economics in subsequent years. Contributors reconsider some of the major concepts of the "General Theory": unemployment and the identity of income and output. They also highlight some of the controversies in macroeconomic theory and review the macroeconomic policy implications and consequences.

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.

Since the publication of Keynes's General Theory of Employment, Interest and Money in 1936, macroeconomic theory has altered considerably. Each author in this volume focuses on an issue which either preceded, accompanied or followed the 'Keynesian Revolution' and helped to shape economics in subsequent years. Contributors reconsider some of the major concepts of the "General Theory": unemployment and the identity of income and output. They also highlight some of the controversies in macroeconomic theory and review the macroeconomic policy implications and consequences.

Does Walras' theory extend beyond free competition? Literature on Walras has focused on his "Elements of pure economics". While this is partly due to the value the economist himself attached to his study, it has tended to present a rather unbalanced view of his life's work. In "The Equilibrium Economics of Leon Walras, Van Daal and Jolink trace the development of Walras' consecutive models of general equilibrium through the five editions of his "Elements". However, the authors also even-up the overall impression of Walras' work by placing his equilibrium exercises in a much broader prespective and arguing that these models should be considered as an instrument in Walras' design for optimal economic order. The book falls into three distinct sections. Part 1 deals with some aspects of Walras' theory - the use of mathematics in economics, the notion of free competition, the notion of utility, and price formation in competitive markets. In Part 2, these aspects are synthesized in the equilibrium models. Part 3 outlines Walras' views on what he called the "social question", and how it led him to formulate regulations with respect to monopoly.

The existing literature on Walras has focused on his Elements of Pure Economics to an extent which has unbalanced our view of his work. Jan van Daal and Albert Jolink pay very careful attention to Walras' general equilibrium models, tracing their development through the five editions of his Elements. But they also place his equilibrium exercises in a broader context, arguing that these models should be considered as an instrument in Walras' design for optimal economic order.