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Marie-Esprit-Léon Walras ( French: [valʁas]; [2] 16 December 1834 – 5 January 1910) was a French mathematical economist and Georgist. [3] He formulated the marginal theory of value (independently of William Stanley Jevons and Carl Menger) and pioneered the development of general equilibrium theory. [4]
Léon Walras (born December 16, 1834, Évreux, France—died January 5, 1910, Clarens, near Montreux, Switzerland) was a French-born economist whose work Éléments d’économie politique pure (1874–77; Elements of Pure Economics) was one of the first comprehensive mathematical analyses of general economic equilibrium.
Leon Walras. 1834-1910. S eparately but almost simultaneously with William Stanley Jevons and Carl Menger, French economist Leon Walras developed the idea of marginal utility and is thus considered one of the founders of the “marginal revolution.” But Walras’s biggest contribution was in what is now called general equilibrium theory.
Léon Walras, né le 16 décembre 1834 à Évreux et mort le 5 janvier 1910 à Montreux, est un économiste français dont la carrière universitaire s'est entièrement déroulée à l' Université de Lausanne en Suisse . S'il a profondément marqué l'histoire de la science économique, sa pensée a eu du mal à s'imposer en France.
Léon Walras is widely and rightfully regarded as the father of general equilibrium theory. From any biography, the principal elements of Walras's life can be told. He was the son of the French proto-marginalist economist and schoolteacher, Auguste Walras .
Jun 8, 2018 · Léon Walras (1834-1910), whose full name was Marie Esprit Léon Walras (the final “s” is sounded), is celebrated among economists and econometricians as the first to have formulated a multiequational general equilibrium model of economic relationships.
Marie-Esprit-Léon Walras (December 16, 1834 – January 5, 1910) was a French economist. Although not influential in his lifetime, his contributions to economic theory later came to be studied and respected worldwide.
