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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Léon Walras. Translated by Jan van Daal who is an expert on the life and works of Léon Walras. A former member of the Econometric Institute of the Erasmus University Rotterdam, he is now at the Centre Walras.
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Paperback. Zustand: new. Paperback. First Published in 2004. Studies in Applied Economics is an English translation of Etudes deconomie politique appliquee (1898) by Leon Walras (18341910). Until now, Elements deconomie 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. Walrass 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 books final chapter recapitulates the themes of Walrass three main works: Elements, Etudes deconomie sociale and this volume, Etudes deconomie politique appliquee. Walrass aim was to provide an economic blueprint for a social ideal where poverty and similar evils could be banished. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Bestandsnummer des Verkäufers 9781041275411
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