Yves Balasko was born in August 9, 1945 in Paris, France. After studying mathematics at Ecole Normale Superieure, Paris, his interests switched to economic theory. He then went for six years at Electricite de France where he was involved in the application of the theory of marginal cost pricing to electricity pricing. While at Electricite de France, he proved his first results on the structure of the equilibrium manifold in the theory of general equilibrium. After completing his dissertation on the "Economic equilibrium from the differential point of view," he joined the Universities of Paris XII, Paris I, and Geneva. He is currently working at The University of York.
In economic theory, Balasko has worked on general equilibrium theory, the overlapping-generations model, the theory of incomplete asset markets and the theory of sunspot equilibria.
He is a Fellow of the Econometric Society since 1980.