£97.00

Cambridge University Press - Leon Walras: Elements of Economics

Name: Cambridge University Press - Leon Walras: Elements of Economics
Brand: Cambridge University Press
Price: 97.0 GBP
Availability: InStock

Business & Economic History

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Description

Explore a foundational text in economic history with Cambridge University Press's edition of Leon Walras: Elements of Theoretical Economics: Or, The Theory of Social Wealth. This work provides a deep look into the fourth edition of Elements d'economie politique pure (1900), a period that marked significant shifts in economic theory. Readers will examine the historical introduction of written pledges as a device to eliminate path dependency. Walras proposed that sellers write commitments to supply specific quantities at suggested prices, ensuring that no commodities are produced until a set of prices is found where supply and demand are equal across every market. This edition captures the complex evolution of Walras's ideas. While the changes made during this period resulted in a text that is sometimes described as incomplete or internally contradictory, it remains a vital resource for students and scholars studying the development of economic thought and the history of social wealth theory.

Key Features

Study the historical development of economic theory through the lens of Leon Walras's influential 1900 work.

Examine the concept of written pledges used to manage supply and demand without immediate commodity production.

Analyze the mechanics of finding equilibrium prices where supply and demand meet in every market simultaneously.

Gain insight into the evolution of economic thought and the complexities of the fourth edition of this classic text.

A valuable resource for those researching business and economic history or the foundations of theoretical economics.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 1107064139
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 23 October 2014
Listed Since: 22 January 2014

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Cambridge University Press - Leon Walras: Elements of Economics

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