Studies in Applied Economics - Softcover

Walras, Léon

Softcover

ISBN 10: 1041275412 ISBN 13: 9781041275411

Publisher: Routledge, 2025

Synopsis

First Published in 2004. Studies in Applied Economics is an English translation of Études d’économie politique appliquée (1898) by Léon Walras (1834–1910). Until now, Éléments d’économie politique pure (1874) was the only book by Walras available in English (Elements of Pure Economics, 1954). It contains the theory of general economic equilibrium under free competition, with the concept of utility maximization as its core. Walras’s conclusion was that where free competition is possible, it should be the rule. So, in the present book, he advocates protective regulation, within which economic agents may compete freely. For water, gas or railway transport, for instance, where free competition is impossible, rules are formulated to maintain its advantages. Issues such as money, capital, credit, banking and the stock markets are also dealt with. The book’s final chapter recapitulates the themes of Walras’s three main works: Éléments, Études d’économie sociale and this volume, Études d’économie politique appliquée. Walras’s aim was to provide an economic blueprint for a social ideal where poverty and similar evils could be banished.

About this title

About the Author

Léon Walras. Translated by Jan van Daal who is an expert on the life and works of Léon Walras. A former member of the Econometric Institute of the Erasmus University Rotterdam, he is now at the Centre Walras.

Edition details

• Publisher: Routledge
• Publication date: 2025
• Language: English
• ISBN 10: 1041275412
• ISBN 13: 9781041275411
• Binding: Paperback
• Edition number: 1
• Number of pages: 264