Studies in Applied Economics
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Product details:
- Edition number 1
- Publisher Routledge
- Date of Publication 19 December 2025
- ISBN 9781041275411
- Binding Paperback
- No. of pages264 pages
- Size 234x156 mm
- Language English 700
Categories
Long description:
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.
MoreTable of Contents:
Preface, Abbreviations and notes on the text, Introduction, PART I Money. PART II Monopolies. PART III Agriculture, industry, commerce. PART IV Credit. PART V Banking. PART VI Stock markets. PART VII Outline of a doctrine. Notes. Index of persons cited by Léon Walras. Subject index
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