Studies in applied economics : theory of the production of social wealth

Author(s)

Bibliographic Information

Studies in applied economics : theory of the production of social wealth

Léon Walras ; translated and introduced by Jan van Daal

Routledge, 2005

  • : set
  • v. 1
  • v. 2

Other Title

Études d'économie politique appliquée

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Note

Includes bibliographical references and indexes

Description and Table of Contents

Volume

: set ISBN 9780415346160

Description

Leon Walras (1834-1910) was one of the key thinkers behind the development of marginal utility theory and his introduction of general equilibrium theory is one of the cornerstones of modern economic thought. Now, his seminal work Etudes d'economie politique appliquee, first published in 1898, is available in English, in both hardback and paperback. This work sits aside Elements d'economie politique pure (1874) and Etudes d'economie sociale (1896, English translation, Routledge 2010) as one of Walras' crowning achievements. Walras's Etudes d'economie politique appliquee contains his best work on applied economics. In this book, he investigates where free competition is and is not possible, and how to organize and regulate economic life in these differing situations. Furthermore, he deals with other features that are important for the functioning of the economic system such as money, capital, credit, banking, securities markets and speculation. This two-volume translation of a text that still holds vibrant relevance for economists today will be of immense interest to working economists and students of the history of economic thought.

Table of Contents

Introduction to Studies of Applied Economics. Part 1: Money Part 2: Monopolies Part 3: Agriculture, Industry, Commerce Part 4: Credit Part 5: Banks Part 6: Stock Exchange Part 7: [Reflection]
Volume

v. 1 ISBN 9780415346177

Description

First Published in 2004. Studies in Applied Economics is an English translation of Etudes d'economie politique appliquee (1898) by Leon Walras (1834-1910). Until now, Elements d'economie 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: Elements, Etudes d'economie sociale and this volume, Etudes d'economie politique appliquee. Walras's aim was to provide an economic blueprint for a social ideal where poverty and similar evils could be banished.

Table of Contents

Preface, Abbreviations and notes on the text, Introduction, PART I Money. PART II Monopolies. PART III Agriculture, industry, commerce. PART IV Credit. PART V Banking. PART VI Stock markets. PART VII Outline of a doctrine. Notes. Index of persons cited by Leon Walras. Subject index
Volume

v. 2 ISBN 9780415346184

Description

This is Volume II in a series on Studies in Applied Economics and looks at the theory of the production of social wealth in the areas of agriculture, industry, commerce banking and stock markets. The two volumes form a translation from French of Walras's two main books, Etudes d'economie politique appliquee (Theorie de la production de la richesse sociale) (1898) and Etudes d'economie sociale (Theorie de la repar[1]tition de la richesse sociale) (1896).

Table of Contents

Preface, Abbreviations and notes on the text, PART III. Agriculture, industry, commerce, 9. The influence of communication between markets on the situation of rural communities, 10. Applied economics and the protection of wages, 11. Theory of free trade, PART IV. Credit, 12. Theory of credit, PART V. Banking, 13. Mathematical theory of banknotes, 14. The Post Office Savings Bank of Vienna and comptabilisme social, PART VI. Stock markets, 15. The stock exchange: speculation and agiotage, Outline of a doctrine, 16. Outline of an economic and social doctrine, Index of persons cited by Leon Walras, Subject index

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Details

  • NCID
    BA71038765
  • ISBN
    • 0415346169
    • 0415346177
    • 0415346185
  • LCCN
    2004050934
  • Country Code
    uk
  • Title Language Code
    eng
  • Text Language Code
    eng
  • Original Language Code
    fre
  • Place of Publication
    London
  • Pages/Volumes
    2 v. (lxvii, 417 p.)
  • Size
    24 cm
  • Classification
  • Subject Headings
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