Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Léon Walras: Elements of Theoretical Economics

Léon Walras: Elements of Theoretical Economics

Walras, Léon
Walker, Donald a.
Van Daal, Jan

Hardcover

Economics

ISBN10: 1107064139
ISBN13: 9781107064133
Publisher: Cambridge University Press
Published: Oct 23 2014
Pages: 588
Weight: 2.09
Height: 1.45 Width: 6.14 Depth: 9.30
Language: English
In his fourth edition of Elements of Theoretical Economics (1900), León Walras introduced the device of written pledges to eliminate path dependency: sellers of products and services write out commitments to supply certain quantities at suggested prices with no commodities actually produced and supplied until a set of prices is found at which supply and demand are equal simultaneously in every market. This brought about very serious alterations to the character of the book. Unfortunately, these changes resulted in an incomplete, internally contradictory, and occasionally incoherent text. This translation, therefore, by two leading scholars of Leon Walras's work, Donald Walker and Jan van Daal, revisits the third edition of this seminal work, including Walras's brilliant explanation of his comprehensive model, with all its richness derived from reality. Growing research into Walras's research indicates that it was this third edition that contained his best theoretical research and a translation of this edition of the book is now a necessity.

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