Éléments d'économie politique pure, ou Théorie de la richesse sociale

Walras, L. (1877). Éléments d'économie politique pure, ou Théorie de la richesse sociale. Elements of Pure Economics.

Type

Book

Intellectual base

Review or monograph

Year

1877

Link

https://archive.org/details/elements-of-pure-economics_Leon-Walras

Cited from

biology_ecology, economics_finance, physics

Cited by

7 citations across 7 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Equilibrium
  • The former looks balanced locally but depends on external energy/mass input; removing the driver collapses it. Walrasian general economic equilibrium
• Exchange
  • Walras's (1874) equilibrium framework formalized the role-structure for the market case, but the roles themselves are substrate-neutral.

    This sourceL. Corbaz, Lausanne. Translated as Elements of Pure Economics (W. Jaffé, trans., Allen & Unwin, 1954). First comprehensive mathematical formalization of general equilibrium: parties, transferables, prices, and clearing conditions as a system of simultaneous equations.

• Homeostasis
  • ecology (Holling's (1973) treatment of resilience and stability frames population dynamics maintaining community composition; predator-prey regulation; nutrient-cycling feedbacks — though ecological "homeostasis" is often statistical rather than setpoint-based),

    This sourceL. Corbaz, Lausanne; Guillaumin, Paris. Translated as Elements of Pure Economics, or the Theory of Social Wealth (W. Jaffé, trans., Allen & Unwin, 1954). First comprehensive mathematical formalization of general economic equilibrium: parties, transferables, prices, and clearing conditions are encoded as a system of simultaneous equations, isolating the role-structure of market exchange while keeping the underlying relation substrate-neutral.

• Marginal Analysis
  • (1) The Marginal Revolution of the 1870s, crystallized in three nearly simultaneous independent discoveries—William Stanley Jevons' Theory of Political Economy (1871), Carl Menger's Grundsätze der Volkswirtschaftslehre (1871), and Léon Walras' Éléments d'économie politique pure (1874),

    This sourceL. Corbaz, Lausanne; Guillaumin, Paris. Translated as Elements of Pure Economics, or the Theory of Social Wealth (W. Jaffé, trans., Allen & Unwin, 1954). First comprehensive mathematical formalization of general economic equilibrium: parties, transferables, prices, and clearing conditions are encoded as a system of simultaneous equations, isolating the role-structure of market exchange while keeping the underlying relation substrate-neutral.

• Marginal Utility
  • … emerged simultaneously in the early 1870s in three independent works that together constituted the marginalist revolution: William Stanley Jevons' The Theory of Political Economy (1871) , Carl Menger's Grundsätze der Volkswirtschaftslehre (1871) , and Léon Walras' Éléments d'économie politique pure (1874–1877)

    This sourceL. Corbaz, Lausanne; Guillaumin, Paris. Translated as Elements of Pure Economics, or the Theory of Social Wealth (W. Jaffé, trans., Allen & Unwin, 1954). First comprehensive mathematical formalization of general economic equilibrium: parties, transferables, prices, and clearing conditions are encoded as a system of simultaneous equations, isolating the role-structure of market exchange while keeping the underlying relation substrate-neutral.

• Price Elasticity
  • - T6 — Walrasian General Equilibrium Considerations in Cross-Market Cascades: Walras (1874)

    This sourceL. Corbaz, Lausanne; Guillaumin, Paris. Translated as Elements of Pure Economics, or the Theory of Social Wealth (W. Jaffé, trans., Allen & Unwin, 1954). First comprehensive mathematical formalization of general economic equilibrium: parties, transferables, prices, and clearing conditions are encoded as a system of simultaneous equations, isolating the role-structure of market exchange while keeping the underlying relation substrate-neutral.

• Price Mechanism
  • The structure captures the information-aggregation claim: the single equilibrium price vector summarizes enough information for each agent to make allocation-supporting decisions locally, the abstraction Walras (1874) first formalized via the auctioneer's tâtonnement process.

    This sourceL. Corbaz, Lausanne; Guillaumin, Paris. Translated as Elements of Pure Economics, or the Theory of Social Wealth (W. Jaffé, trans., Allen & Unwin, 1954). First comprehensive mathematical formalization of general economic equilibrium: parties, transferables, prices, and clearing conditions are encoded as a system of simultaneous equations, isolating the role-structure of market exchange while keeping the underlying relation substrate-neutral.

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Links previously used in the corpus

Before the registry existed this work was also linked 1 other way.

• https://archive.org/details/lmentsdconomi00walruoft ×1

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