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Léon Walras was a French mathematical economist and Georgist who formulated the marginal theory of value and the general equilibrium theory. He also proposed the concept of Walrasian auction and the role of the entrepreneur in the market process.
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.
Léon Walras (1834-1910) est un économiste français qui a enseigné à l'Université de Lausanne. Il est connu pour sa théorie de l'équilibre général, mais aussi pour ses réflexions sur l'économie sociale et appliquée.
Léon Walras: Elements of theoretical economics: Or, the theory of social wealth
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.
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.
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.
