Léon Walras

Economist and creator of general equilibrium

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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