Walras, Leontief and the Interdependence of Economic Activities

Robert E. Kuenne
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Robert E. Kuenne: Princeton University

Chapter 1 in General Equilibrium Economics, 1992, pp 21-55 from Palgrave Macmillan

Abstract: Abstract The theoretical groundwork for detailed interdependence models on a national basis was erected by Léon Walras in his Éléments d’Économie Politique Pure, first published in two parts: the first, dealing with the theory of exchange, in 1874, the second, concerned with the theory of production, in 1877.1 In this work, and four subsequent editions, Walras developed his general equilibrium theory, all but totally neglected in the Anglo-American pursuit of Marshallian partial analysis.2

Keywords: Interest Rate; Marginal Utility; Capital Good; Cost Curve; Inventory Service (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-12752-8_2

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