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E-Book

E-Book, Englisch, 624 Seiten

Walras Elements of Pure Economics


Erscheinungsjahr 2013
ISBN: 978-1-134-55995-4
Verlag: CRC Press
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 624 Seiten

ISBN: 978-1-134-55995-4
Verlag: CRC Press
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)



Elements of Pure Economics was one of the most influential works in the history of economics, and the single most important contribution to the marginal revolution. Walras' theory of general equilibrium remains one of the cornerstones of economic theory more than 100 years after it was first published.

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Weitere Infos & Material


Part 1: Object and Divisions of Political and Social Economy

Lesson 1: Definitions of Political Economy

Lesson 2: Science, Art and Ethics Distinguished

Lesson 3: Social Wealth. Three Consequences of Scarcity. Value In Exchange and the Pure Theory of Economics

Lesson 4: Industry and Applied Economics. Property and Social Economics



Part 2: Theory of Exchange of Two Commodities For Each Other

Lesson 5: The Market and Competition. Problem of Exchange of Two Commodities For Each Other

Lesson 6: Curves of Effective Offer and Effective Demand. The Establishment of Equality Between Offer and Demand

Lesson 7: Discussion of the Solution of the Problem of Exchange of Two Commodities For Each Other

Lesson 8: Utility Curves or Want Curves. The Theorem of Maximum Utility of Commodities

Lesson 9: Discussion of Demand Curves. General Formula For The Mathematical Solution of the Problem of Exchange of Two Commodities For Each Other

Lesson 10: Rareté, The Cause of Value In Exchange



Part 3: Theory of Exchange of Several Commodities for One Another

Lesson 11: Problem of Exchange of Several Commodities For One Another. The Theorem of General Equilibrium

Lesson 12: The General Formula of the Mathematical Solution of the Problem of Exchange of Several Commodities for One Another. The Law of the Establishment of Commodity Prices

Lesson 13: The Law of the Variation of Commodity Prices

Lesson 14: The Theorem of Equivalent Redistribution of Commodity Holdings. Concerning a Standard of Measure and A Medium of Exchange

Lesson 15: Purchase and Sales Curves. Commodity Price Curves

Lesson 16: Exposition and Refutation of Adam Smith's and JB Say's Doctrines of the Origin of Value In Exchange



Part 4: Theory of Production

Lesson 17: Capital and Income. The Three Services

Lesson 18: The Elements and Mechanism of Production

Lesson 19: The Entrepreneur. Business Accounting and Inventory

Lesson 20: Production Equations

Lesson 21: Solution of the Equations of Production. The Law of the Establishment of Prices of Products and Services

Lesson 22: The Principle of Free Competition. The Law of the Variation of Prices of Products and Services. Purchase and Sales Curves of Services; Price Curves of Products



Part 5: Theory of Capital Formation ['Capitalisation'] and Credit

Lesson 23: Gross and Net Income. The Rate of Net Income. The Excess of Income Over Consumption

Lesson 24: Equations of Capital Formation and Credit

Lesson 25: Solution of The Equations of Capital Formation and Credit. The Law of the Establishment of The Rate of Net Income

Lesson 26: Theorem of Maximum Utility of New Capital Goods Yielding Consumers' Services

Lesson 27: Theorem of Maximum Utility of New Capital Goods Yielding Consumers' Services

Lesson 28: The Law of the Variation of the Rate of Net Income. Purchase and Sales Curves of New Capital Goods. The Law of the Establishment and Variation of Prices of Capital Goods



Part 6: Theory of Circulation and Money

Lesson 29: The Mechanism and Equations of Circulation and Money

Lesson 30: Solution of the Equations of Circulation and Money. The Law of the Establishment and Variation of the Price of Money. Price Curve of the Money Commodity

Lesson 31: The Establishment of the Value of a Bimetallic Standard

Lesson 32: Relative Stability of the Value of the Bimetallic Standard

Lesson 33: Fiduciary Money and Payments by Offsets

Lesson 34: Foreign Exchange



Part 7: Conditions and Consequences of Economic Progress. Critique of Systems of Pure Economics

Lesson 35: The Continuous Market

Lesson 36: The Marginal Productivity Theorem. Expanding Output. The Law of General Price Movements in a Progressive Economy

Lesson 37: Critique of the Physiocratic Doctrine

Lesson 38: Exposition and Refutation of the English Theory of the Price of Products

Lesson 39:



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