Léon Walras's Economic Thought

This book sheds new light on the general equilibrium theory of Léon Walras (1834-1910) from a historical perspective. Walras's construction of general equilibrium theory marked the dawn of modern economics and was greatly developed in the 20th century, Misaki explores the intentions and ideas behind its conception.

Autorentext

Kayoko MISAKI is a historian of economic thought and a Professor at Shiga University, Japan. With several years of experience, she has dedicated her research to studying Walras's economics and the history of French economic thought, and has published her research in English and Japanese. From 2008 to 2010, she served as the President of the International Walras Association (l'Association Internationale Walras, AIW). From 2015 to 2017, she held the position of Chief Editor for the History of Economic Thought, a peer-reviewed journal of the Japanese Society for the History of Economic Thought (JSHET).

Inhalt

Contents

• Preface

Acknowledgements

Introduction

• Compatibility of Efficiency and Fairness: How has Walras been misunderstood? Part 1 Walras and his predecessors

Chapter 1 Léon Walras and The Wealth of Nations: what did he really learn from Adam Smith?

Chapter 2 Walras's Critique of Jean-Baptiste Say : Entrepreneur and Laissez-Faire

Chapter 3 Numéraire, Workers, and the Tax system: was Isnard a precursor of Walras?

Part 2 Misunderstood Ideas of Walras

Chapter 4 The Concept of Labor Market in Léon Walras's Pure, Social, and Applied Economics

Chapter 5 Walras on the Worker-Entrepreneur: the Origin of Profits

Chapter 6 The Concept of Sympathy: Walras, Smith, and Sen

Appendix Miyoji HAYAKAWA (18951962): the first Japanese translator of Walras

Index