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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
Studies in Applied Economics

Studies in Applied Economics

Walras, Léon

Paperback

Economics

ISBN10: 1041275412
ISBN13: 9781041275411
Publisher: Routledge
Published: Dec 19 2025
Pages: 264
Weight: 0.82
Height: 0.55 Width: 6.14 Depth: 9.21
Language: English
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.

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