A01=Leon Walras
Author_Leon Walras
balance
cash
Category=KCZ
Category=QDTS
commodity
desired
economic policy framework
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_new_release
eq_nobargain
eq_non-fiction
financial institutions analysis
general equilibrium theory
gold
market regulation
metallic
money
monometallism
monopoly economics
public utility competition models
silver
token
utility maximisation
Product details
- ISBN 9781041275411
- Weight: 490g
- Dimensions: 156 x 234mm
- Publication Date: 19 Dec 2025
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
Secure
checkout
Fast Shipping
Easy returns
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.
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.
