Walras

Auguste Walras was a French school administrator and economist. He was the father of Léon Walras, who was deeply influenced by his father's view on economics....

Marie-Esprit-Léon Walras was a French mathematical economist associated with the creation of the general equilibrium theory.-Life and career:...

Walras’ Law is a principle in general equilibrium theory asserting that when considering any particular market, if all other markets in an economy are in equilibrium, then that specific market must also be in equilibrium. Walras’ Law hinges on the mathematical notion that excess market demands ...

The Walras-Bowley Lecture is an annual lecture of the Econometric Society, given by a non-North-American member at the summer North American meeting or, in World Congress years, at the World Congress. The lecture was named in honor of Léon Walras and A. L...

The progressive theory of capital is an economic theory posited by Léon Walras in 1874 in part 5 of his book Elements of Pure Economics.-See also:* Capital * Capital goods* Capital services* Capital stocks* Walras-Cassel System...

A Walrasian auction, introduced by Leon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible price and submits this to an auctioneer. The price is then set so that the total demand across all agents equals the total amount of the good...