Éléments d’économie politique pure

E588137

Éléments d’économie politique pure is Léon Walras’s foundational treatise that systematically develops the theory of general equilibrium in economics using mathematical methods.

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Predicate Object
instanceOf book
economic treatise
alsoKnownAs Elements of Pure Economics NERFINISHED
approach axiomatic and deductive
general equilibrium analysis
associatedWith Lausanne School of economics NERFINISHED
assumes complete markets
perfect competition
rational agents
author Léon Walras NERFINISHED
contribution development of a theory of competitive equilibrium
formalization of general equilibrium as a system of simultaneous equations
integration of demand, supply, and prices in a unified system
introduction of tâtonnement price adjustment process
countryOfOrigin France
field economics
mathematical economics
firstPublicationYear 1874
1877
focus competitive markets
simultaneous determination of prices and quantities
genre theoretical economics
hasAuthorAffiliation University of Lausanne NERFINISHED
historicalSignificance foundational work of general equilibrium theory
one of the earliest fully mathematical treatments of economic equilibrium
inCanonicalList classics of economic thought
influenced 20th‑century general equilibrium theory
mathematical school of Lausanne
neoclassical economics
language French
mainTopic general equilibrium theory
methodologicalStance pure economics abstracted from institutions
originalTitleLanguage French
publicationForm book in parts
relatedConcept Walrasian auctioneer NERFINISHED
Walrasian equilibrium
tâtonnement
structure system of equations representing all markets in an economy
subject capital theory
production theory
pure theory of exchange
pure theory of value NERFINISHED
theory of markets
timePeriod late 19th century
uses mathematical methods

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Leon Walras notableWork Éléments d’économie politique pure
subject surface form: Léon Walras
Walrasian market-clearing framework influencedBy Éléments d’économie politique pure
this entity surface form: Léon Walras’s Elements of Pure Economics