Léon Walras
Economist and creator of general equilibrium
Born
December 16th, 1834
190 years ago
Died
January 5th, 1910
115 years ago — 75 years old
Category
Thinkers & Philosophers
Country
France
Links & References
An economist and academic who developed the theory of general equilibrium, which analyzes the effect of supply and demand across multiple markets simultaneously. Walras published a seminal work titled 'Éléments d'économie politique pure' in 1874, laying the groundwork for modern economic theory. He worked as a professor at the University of Lausanne, where his contributions influenced both microeconomic and macroeconomic analysis. His methodologies focused on mathematical formulations to represent economic concepts, significantly shaping the field of economics.
Developed the theory of general equilibrium
Published 'Éléments d'économie politique pure'
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