• Thumbnail for Léon Walras
    Marie-Esprit-Léon Walras (French: [valʁas]; 16 December 1834 – 5 January 1910) was a French mathematical economist and Georgist. He formulated the marginal...
    24 KB (3,058 words) - 21:44, 2 March 2024
  • Walras is a surname. Notable people with the surname include: Auguste Walras (1801–1866), French school administrator and amateur economist Léon Walras...
    288 bytes (73 words) - 00:26, 20 March 2021
  • are the demand and supply respectively of good j. Walras's law is named after the economist Léon Walras of the University of Lausanne who formulated the...
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  • but Walras's attempts produced two famous results in economics. The first is Walras' law and the second is the principle of tâtonnement. Walras' method...
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  • of the branch as well as the fundamental theories of welfare economics. Walras wrote that 'exchange under free competition is an operation by which all...
    35 KB (5,369 words) - 17:18, 10 February 2024
  • neoclassical economics to model prices for a whole economy was made by Léon Walras. Walras' Elements of Pure Economics provides a succession of models, each...
    49 KB (6,053 words) - 19:43, 20 May 2023
  • Thumbnail for Walrasian auction
    A Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible...
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  • Thumbnail for Commodity
    standard works as Alfred Marshall's Principles of Economics (1920) and Léon Walras's Elements of Pure Economics ([1926] 1954) 'commodity' serves as general...
    24 KB (2,826 words) - 04:38, 8 February 2024
  • 1863 Walras, Léon (1908) Un initiateur en économie politique, A.A. Walras, 1908, La Revue du mois Walras, Léon (1965). Correspondence of Léon Walras and...
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  • Thumbnail for Maurice Allais
    home in Saint-Cloud, near Paris, at the age of 99. Allais considered Léon Walras, Wilfredo Pareto, and Irving Fisher to be his primary influences. He...
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  • and others to include the work of Carl Menger, William Stanley Jevons, Léon Walras, John Bates Clark, and many others. Today it is usually used to refer...
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  • perfect competition has its roots in late-19th century economic thought. Léon Walras gave the first rigorous definition of perfect competition and derived...
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  • publication of Menger's Principles of Economics. The Lausanne School, led by Léon Walras and Vilfredo Pareto, developed the theories of general equilibrium and...
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  • the late 19th century, led by Carl Menger, William Stanley Jevons, and Léon Walras, gave rise to what is known as neoclassical economics. This neoclassical...
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  • Thumbnail for William Stanley Jevons
    with similar discoveries made by Carl Menger in Vienna (1871) and by Léon Walras in Switzerland (1874), marked the opening of a new period in the history...
    45 KB (5,420 words) - 04:15, 29 January 2024
  • novelist Leon Vance (1916–1944), American aviators Leon V of Armenia (1342–1393), King of Armenia Léon Vaudoyer (1803–1872), French architect Léon Walras (1834–1910)...
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  • Thumbnail for University of Lausanne
    Lausanne, co-founder of the Lausanne School of economics, together with Léon Walras Jean Piccard (1884–1963), Swiss-born American chemist, engineer, professor...
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  • school of thought surrounding Léon Walras and Vilfredo Pareto. It is named after the University of Lausanne, at which both Walras and Pareto held professorships...
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  • Walrasian demand as used in general equilibrium theory (named after Léon Walras). According to the utility maximization problem, there are L{\displaystyle...
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  • Thumbnail for Alfred Marshall
    downplayed the contributions of certain other economists to his work, such as Léon Walras, Vilfredo Pareto and Jules Dupuit, and only grudgingly acknowledged the...
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  • created independently and nearly simultaneously by William Stanley Jevons, Léon Walras, and Carl Menger in the late 19th century. Due to its development, the...
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  • Thumbnail for Joseph Schumpeter
    18th-century economist was Turgot rather than Adam Smith, and he considered Léon Walras to be the "greatest of all economists", beside whom other economists'...
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  • Quantity adjustment contrasts with the tradition of Léon Walras and general equilibrium. For Walras, (ideal) markets operated as if there were an Auctioneer...
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  • by Léon Walras in 1874 in part 5 of his book Elements of Pure Economics. Capital (economics) Capital goods Capital services Capital stocks Walras-Cassel...
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  • Thumbnail for Knut Wicksell
    on the theory of interest. Wicksell was enamored with the theory of Léon Walras (the Lausanne school), Eugen von Böhm-Bawerk (the Austrian school), and...
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  • Thumbnail for Vilfredo Pareto
    marrying a Russian woman, Alessandrina Bakunina. In 1893, he succeeded Léon Walras to the chair of Political Economy at the University of Lausanne in Switzerland...
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  • Thumbnail for Supply and demand
    Hence this analysis is considered to be useful in constricted markets. Léon Walras first formalized the idea of a one-period economic equilibrium of the...
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  • which was after the works of Jevons, Menger, and Walras had either been written or were under way (Walras published Éléments d'économie politique pure in...
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  • Thumbnail for Cobb–Douglas production function
    by Knut Wicksell, Philip Wicksteed, and Léon Walras, although Douglas only acknowledges Wicksteed and Walras for their contributions. Not long after Knut...
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  • Thumbnail for HEC Lausanne
    taught within the Faculty of Law. This period was strongly influenced by Léon Walras (1834–1910), the founder of the Lausanne School and creator of the general...
    14 KB (1,356 words) - 18:31, 16 March 2024