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The authors examine Walras' general equilibrium models, tracing their development through his major work Elements of Pure Economics, and also placing them in th

In his fourth edition of Éléménts d'économie politique pure (1900), León Walras introduced the device of written pledges to eliminate path dependency: sell

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 revolut

2010 marks the hundredth anniversary of the death of Léon Walras, the brilliant originator and first formaliser of general equilibrium theory – one of the pi

In order to understand the various strands of general equilibrium theory, why it has taken the forms that it has since the time of Léon Walras, and to apprecia