Elements Of Pure Economics, Or, The Theory Of Social Wealth by Léon Walras
Or, The Theory of Social Wealth
The book presents a foundational framework for understanding economics through a mathematical lens, introducing the concept of general equilibrium theory. It explores how various markets and economic agents interact to reach a state of balance where supply equals demand across the entire economy. The work emphasizes the importance of marginal utility and the role of prices in coordinating economic activities, laying the groundwork for modern economic analysis by illustrating how individual preferences and production capabilities contribute to the overall distribution of resources and social wealth.
The 16649th greatest book of all time
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- Published
- 1874
- Nationality
- French
- Length
- Moderate
- Pages
- 400-500
- Original Language
- French
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- Alternate Titles
-
- Elements of Theoretical Economics
- Eléments d'économie politique pure
- Éléments d'économie politique pure
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This book is on the following 1 lists:
- 14th on 20 of the Most Important Books for Economics before 1940 (New York Public Library)