Knut Wicksell: Selected Essays in Economics - Vol. 2

By Knut Wicksell; Bo Sandelin | Go to book overview

27

LÉON WALRAS, ÉTUDES D’ÉCONOMIE POLITIQUE APPLIQUÉE {STUDIES IN APPLIED ECONOMICS}: THÉORIE DE LA PRODUCTION DE LA RICHESSE SOCIALE

Lausanne, F. Rouge, 1898

This book is the second of two collections of older and more recent essays Walras has published in the last few years as a kind of substitute for the second and third parts of his Elements that he planned but never carried out. The first of these collections, Études d’économie sociale, has already been reviewed in this journal. The second, to be discussed here, consists mostly of essays of a more recent date and seems to me even more significant than the preceding volume.

Strictly speaking, Walras’s essays in the present volume, or at least the majority of them, converge around two issues of scholarly dispute, namely, first, the question of the causes determining the value of money, together with the practical steps required for measuring or stabilizing that value, and second, the equally urgent and difficult question of the true significance of free trade, and the justification or lack of justification for state intervention in free trade, in short, the rational differentiation between the appropriate domains for individualism and collectivism. Walras has so many interesting and stimulating things to say on both these issues that there is surely good reason for a fairly detailed discussion of both the relevant parts of his work.

Walras’s studies in the monetary field culminate in his well-known proposal to use silver in limited quantities as a regulative coinage (‘billon régulateur’). While in his opinion the international means of payment and even the currency for internal commercial trade ought to continue to consist exclusively in gold, the silver coinage, either in itself or in the form of notes fully covered by silver (roughly after the pattern of the American silver certificates or treasury notes) would take care of other internal transactions—and unlike

Originally published in jahrbücher für Nationalökonomie und Statistik, 1899

-175-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
Knut Wicksell: Selected Essays in Economics - Vol. 2
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 248

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.