• 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...
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  • 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...
    135 KB (13,620 words) - 21:40, 25 April 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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  • 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
  • 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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  • 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...
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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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  • 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...
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  • 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 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...
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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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  • 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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  • 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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  • 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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  • 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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  • 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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  • 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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  • 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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  • 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 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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  • 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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  • 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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  • mathematics and programming languages such as Python for assignment Léon Walras, French economist "I Am the Walrus", a 1967 song by the Beatles "The...
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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 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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  • monetarism People François Quesnay Adam Smith Thomas Robert Malthus Karl Marx Léon Walras Knut Wicksell Irving Fisher Wesley Clair Mitchell John Maynard Keynes...
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  • monetarism People François Quesnay Adam Smith Thomas Robert Malthus Karl Marx Léon Walras Knut Wicksell Irving Fisher Wesley Clair Mitchell John Maynard Keynes...
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