Leon Walras

Walras, Léon

Léon Walras, 1834–1910, French economist. After abandoning his studies in mining engineering, he became a freelance journalist, advancing the causes of economic and social reform. He later became a professor of political economy at the Univ. of Lausanne (1870–1892). One of the most influential of economists, Walras advanced several theories that served as the foundation of modern economic analysis. He is widely regarded as the founder of the theory of general economic equilibrium, mathematical economics, the concept of "imperfect competition," and the marginal utility theory. A prolific and creative writer, Walras's work also extended to such themes as managed currency, production, credit, and capital formation.

See his correspondence, ed. by W. Jaffé (3 vol., 1965), and Elements of Pure Economics (tr., 1984). See also D. A. Walker, ed., William Jaffe's Essays on Walras (1983).

The Columbia Encyclopedia, 6th ed. Copyright© 2018, The Columbia University Press.

Leon Walras: Selected full-text books and articles

The Equilibrium Economics of Laeon Walras By Jan Van Daal; Albert Jolink Routledge, 1993
Development of Economic Analysis By Ingrid Hahne Rima Routledge, 1996 (6th edition)
Librarian's tip: Chap. 12 "'First-Generation' Marginalists: Jevons, Walras, and Menger"
The Literature of Political Economy By Samuel Hollander Routledge, 1998
Librarian's tip: "The Evidence: Walras" begins on p. 172
Against Mechanism: Protecting Economics from Science By Philip Mirowski Rowman & Littlefield, 1988
Librarian's tip: Discussion of Leon Walras begins on p. 14
Ten Great Economists: From Marx to Keynes By Joseph A.Schumpeter Routledge, 1997
Librarian's tip: "Marie Esprit Leon Walras" begins on p. 76
Synthetic Economics By Henry Ludwell Moore Macmillan Company, 1929
Librarian's tip: "Walrasian Equations" begins on p. 100
On Revolutions and Progress in Economic Knowledge By T. W. Hutchison Cambridge University Press, 1978
Librarian's tip: Discussion of Leon Walras begins on p. 84
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